Zama public token auction registration is now open. Bidding will begin at 16:00 on January 21.

PANews January 20 News, according to Chainwire reports, the crypto privacy protocol Zama announced details of its upcoming public token auction. The auction will use a single-price sealed-bid Dutch auction method and employ the company’s自主研发的全同态加密技术 (fully homomorphic encryption technology). Registration for the public auction is now open. Bidding will commence at 16:00 (UTC+8) on January 21, 2026, and end on January 24, 2026. The token generation event is scheduled for February 2, 2026, at which time tokens purchased through the public auction are expected to be fully unlocked. Participants must complete registration and verification in advance, and submit bids using a verified single wallet address in USDT, specifying the total purchase amount and the maximum price they are willing to accept per token. After the auction ends, the system will calculate a uniform clearing price. Bids at or above this price will be allocated tokens at the clearing price, while unsuccessful bids or excess funds will be refunded to the original wallet. Earlier reports indicate that Zama will launch its token sale via CoinList and its own auction app, with a FDV底价 (floor valuation) of $55 million; Zama’s mainnet will feature staking functionality, with 18 operational nodes participating.