ZAMA Public Auction Launch: Encrypted Sealed Bidding Mechanism Debuts, $55 Million FDV Public Sale Begins

January 21 News, the $ZAMA auction based on the Zama protocol officially launched today. This auction adopts a sealed bid Dutch auction mechanism, which is highly distinctive in the current crypto market. Unlike traditional first-come-first-served or bidding matching models, this mechanism emphasizes distribution quality and true price discovery rather than simply pursuing high FDV or sales volume, making it regarded by many crypto investors as a more “rational” token issuance model.

A key highlight of this ZAMA auction is that all bids are submitted via encryption and are unrelated to time, meaning there will be no gas fee bidding, bot sniping, or front-running issues. Regardless of the size of funds, participants are on equal footing at the rule level.

According to the official announcement released by CoinList on January 14, the ZAMA token public sale will start at 8:00 (UTC) on January 21. The corresponding public sale FDV is $55 million, with a sale amount accounting for 8% of the total supply, and a minimum investment of $100 per account. This pricing range and supply ratio give it strong topicality in the early 2026 crypto primary market.

Meanwhile, the Zama team further disclosed on January 20 that its token staking portal has officially gone live. All users participating in the ZAMA public offering can directly participate in staking and earn yields starting from February 2, when token distribution begins. This arrangement also reinforces ZAMA’s long-term holding and network participation attributes.

At the protocol level, each operator must stake ZAMA to participate in the network and earn rewards. Rewards are first divided by node type, with FHE nodes receiving 40% and KMS nodes receiving 60%, then distributed within each category according to the square root of the staked amount to prevent excessive concentration of power by a single large holder. This ratio will also be dynamically adjusted based on the actual infrastructure costs of the two node types, maintaining a balance between network security and economic incentives.