Zama to Launch Token Sale via CoinList and Its Own Auction Application

Odaily News Privacy protocol Zama has announced the launch of an on-chain token sale through CoinList and its own auction application, with a fully diluted valuation (FDV) floor price of $55 million. The sale adopts a sealed-bid Dutch auction structure and will distribute 12% of its total token supply of 11 billion.

Zama co-founder and CEO Rand Hindi stated that the 12% token sale is divided into three parts: a 2% community sale to Zama's NFT holders this week; an 8% sealed-bid Dutch auction in partnership with CoinList from January 21st to 24th; and a final 2% sale at the auction clearing price from January 27th to February 2nd.

CoinList is the 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.