According to Foresight News, the FHE cryptography company Zama announced that it will sell 10% of its token ZAMA through a Dutch auction on Ethereum. The auction will take place from January 12 to 15, and distribution will start on January 20. The auction uses the Zama protocol to maintain the confidentiality of bids, aiming for fair distribution and true price discovery, avoiding Bots and Gas Fee wars, and the tokens will be unlocked immediately after the auction ends. ZAMA is the utility token of the Zama protocol, primarily used to pay for encryption and decryption fees, and can be staked or delegated to operators, helping to secure FHE coprocessors and KMS nodes. The Zama Mainnet is expected to launch by the end of the year, and ZAMA will be fully online before the auction.
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