Odaily Planet News: Privacy protocol Zama announced it will launch an on-chain token sale via CoinList and its own auction application, with a minimum fully diluted valuation (FDV) of $55 million. The sale will use a sealed-bid Dutch auction structure and will distribute 12% of Zama's total token supply of 11 billion tokens. Zama co-founder and CEO Rand Hindi stated that the 12% token sale will be divided into three parts: 2% will be allocated to a community sale for Zama NFT holders this week; 8% will be auctioned via a sealed-bid Dutch auction in collaboration with CoinList from January 21 to 24; and the final 2% will be sold at the auction clearing price from January 27 to February 2. CoinList is the primary distribution partner for the main auction, but the sale is not exclusive to the platform, and participants can also bid through Zama's own auction application. The main auction will take place on the Ethereum mainnet, with a token floor price of $0.005. (The Block)
Privacy Protocol Zama Launches Token Sale via CoinList and Own Auction App
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Summary
Privacy protocol Zama announced a token launch event, launching an on-chain token sale via CoinList and its own auction app. The sale, a sealed-bid Dutch auction, will distribute 12% of its 11 billion token supply. A 2% community sale for NFT holders begins this week, followed by an 8% auction on CoinList from January 21 to 24. The final 2% will be available from January 27 to February 2 at the auction-clearing price. The protocol update includes a minimum fully diluted valuation (FDV) of $55 million, with a token floor price of $0.005 on Ethereum.
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