Privacy protocol Zama will launch its token sale through CoinList and its own auction app.
TL;DR
Privacy protocol Zama is launching a token sale via CoinList and its own app, using a sealed-bid Dutch auction with a $55M FDV floor. The sale distributes 12% of 11B tokens in three parts, including community and main auctions on Ethereum.
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Odaily Odaily reports that privacy protocol Zama has announced an on-chain token sale via CoinList and its own auction application, with a fully diluted valuation (FDV) floor price of $55 million. The sale will utilize a sealed-bid Dutch auction structure, distributing 12% of its total token supply of 11 billion. Zama co-founder and CEO Rand Hindi stated that the 12% token sale will be divided into three parts: a 2% community sale to Zama NFT holders this week; an 8% sealed-bid Dutch auction in partnership with CoinList from January 21st to 24th; and a final 2% sale at the auction clearing price from January 27th to February 2nd. CoinList is the distribution partner for the main auction, but the sale is not exclusive to that platform; participants can also bid through Zama's own auction application. The main auction will take place on the Ethereum mainnet with a token floor price of $0.005. (The Block)