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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH Liquidation Cascade: $499M in Short Positions at Risk If Ether Breaks $2,417
Gate News message, April 26 — According to Coinglass data, if Ethereum breaks above $2,417, cumulative short position liquidations across major centralized exchanges would reach $499 million. Conversely, if ETH drops below $2,213, cumulative long position liquidations would reach $499 million.
GateNews11m ago
Aave, Kelp, LayerZero Seek Arbitrum DAO Approval to Release $71M Frozen ETH for rsETH Recovery
Gate News message, April 26 — Aave Labs, Kelp DAO, LayerZero, EtherFi, and Compound filed a Constitutional AIP on the Arbitrum forum Saturday morning requesting the network's DAO release approximately $71 million in frozen ETH to support rsETH recovery efforts. The proposal seeks to
GateNews1h ago
CEX Exploiter Converts 21,000 ETH Worth $48.72M to Bitcoin Over Three Days
Gate News message, The CEX Exploiter has exchanged 21,000 ETH valued at $48.72 million for 617.43 BTC at a price of $0.0294 over the past three days. The hacker currently holds 1,000 ETH worth $2.32 million.
GateNews3h ago
Dormant Whale Wallet Buys 3,017 ETH for $7M After 1.6 Years of Inactivity
Gate News message, April 26 — A dormant whale wallet has resumed activity after 1.6 years of inactivity, purchasing 3,017 ETH for $7 million at an average price of $2,320 per coin, according to Onchain Lens monitoring data.
Over the past two days, the whale has accumulated a total of 7,300 ETH
GateNews3h ago
Ethereum Developer Proposes EIP-8182 to Enhance Network Privacy Through Protocol-Level Changes
Gate News message, April 25 — Ethereum developer Tom Lehman has released a draft proposal, EIP-8182, aimed at significantly enhancing privacy on the Ethereum network through protocol-level changes. The proposal introduces a "shared shielding pool" mechanism directly integrated into the Ethereum prot
GateNews6h ago
Ethereum Foundation Sells $24M ETH to Tom Lee's Bitmine
The Ethereum Foundation sold 10,000 ether to Bitmine Immersion Technologies on Friday, according to the foundation's announcement. The over-the-counter transaction was completed at an average price of $2,387 per ETH, totaling nearly $24 million. Bitmine, the digital asset treasury led by Chairman
CryptoFrontier7h ago
