Citing Odaily, Zama, a fully homomorphic encryption (FHE) project that has raised $130 million in funding, announced it will sell 10% of its ZAMA token supply through a sealed Dutch auction using FHE to ensure bid privacy. The auction will run from January 12 to 15, with token claims starting on January 20. The mainnet is expected to launch before year-end. The auction includes 8% sold via bidding and 2% at a fixed price post-auction, with no lock-up for tokens purchased. A detailed example explains the clearing price and allocation mechanism.
Zama to Sell 10% of ZAMA Tokens via FHE-Powered Sealed Dutch Auction
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