Expected: Zama kicks off its public sale Unexpected: It's actually a blind Dutch auction format Checked it out—this public sale will sell 10% of the total token supply. The mechanism is super simple: just provide the price you think is reasonable and the quantity you want to buy, then wait for the settlement after the sale ends. During the process, you can bid/change your bid/cancel anytime. This approach has clear advantages for participants: more realistic pricing, no bots, no need to compete on Gas (since the sale is on Ethereum mainnet), and more flexibility in timing. However, it puts more challenges on the project team—without a set price, the results might fall below expectations, and there's also the risk of whales scooping up all the tokens, haha. For more details, check out the public sale page: http://auction.zama.org/ Lastly, here's a reference: Zama's valuation during its Series B funding round in June this year was $1 billion. DYOR