According to The Block, the encrypted privacy protocol Zama will launch a fully on-chain token sale via CoinList and its own auction app, using a sealed-bid Dutch auction structure with a floor valuation of $55 million. The sale will allocate 12% of the total supply of 11 billion ZAMA tokens. The sale is divided into three parts: a 2% community sale for NFT holders this week, an 8% main auction via CoinList from January 21 to 24, and a 2% follow-up sale from January 27 to February 2 at the auction settlement price.
Privacy Protocol Zama Launches Token Sale with $55M Valuation Floor
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Summary
Privacy protocol Zama has launched a protocol update, including a token sale via CoinList and its auction app, using a sealed-bid Dutch auction model. The new token listing features a $55 million valuation floor, with 12% of the total 11 billion ZAMA supply available for purchase. The sale includes a 2% community drop for NFT holders, an 8% main auction from January 21 to January 24, and a 2% follow-up sale from January 27 to February 2.
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