[Zama: Public Auction to Be Held from January 12 to 15, Selling 10% of ZAMA Tokens] Odaily Planet Daily News – Crypto company Zama announced on platform X that it will hold a public auction, selling 10% of the ZAMA token supply through a secret bid Dutch auction on Ethereum. The Zama protocol itself will be used to ensure the confidentiality of bids with FHE (Fully Homomorphic Encryption). Key points include: ensuring fair distribution and true price discovery; preventing bot sniping or gas wars; tokens will be unlocked immediately. Auction period: January 12 to 15 Claim period: January 20 ZAMA is the utility token of the Zama protocol, which serves as a privacy layer for existing L1/L2 networks: ◼️ Pay encryption and decryption fees ◼️ Stake or delegate to operators ◼️ Help secure FHE coprocessors and KMS nodes The mainnet is expected to launch by the end of the year, and ZAMA tokens will be fully functional before the auction. Previously, crypto company Zama completed a $57 million Series B funding round, led by Blockchange Ventures and Pantera Capital.