Zama Launches Confidential Dutch Auction for ZAMA Tokens

The Zama Protocol is launching a confidential Dutch auction for its native token, $ZAMA, on Ethereum. This unique approach utilizes fully homomorphic encryption (FHE) to ensure fair distribution and prevent manipulation during the bidding process. Users can submit sealed bids for preferred quantities and prices while maintaining privacy. 10% of the total ZAMA supply will be sold through this auction, concluding on January 15th.