TechFlow news, December 1 — According to an official announcement, the fully homomorphic encryption network Zama has announced it will sell 10% of the total ZAMA token supply through a sealed-bid Dutch auction on Ethereum, using fully homomorphic encryption (FHE) to keep bids confidential. Tokens will be unlocked immediately upon receipt.
The auction will run from January 12 to 15, with token claims available starting January 20. ZAMA is the utility token of the Zama protocol, whose mainnet is expected to launch by year-end.
Earlier, Zama raised $73 million in a Series A round led by Multicoin Capital and $57 million in a Series B round led by Pantera Capital.
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