TechFlow reports, on January 14, according to The Block, the crypto privacy protocol Zama will launch a fully on-chain token sale via CoinList and its own auction application, utilizing a sealed-bid Dutch auction structure with a floor valuation of $55 million. This sale will distribute 12% of the total supply of 11 billion ZAMA tokens.
The sale consists of three parts: a 2% community sale this week for NFT holders, an 8% main auction through CoinList from January 21 to 24, and a 2% follow-up sale at the auction settlement price from January 27 to February 2.
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