Zama is new, you can prepare in advance Zama is an open-source cryptography company focused on building fully homomorphic encryption (FHE) solutions, primarily applied in the fields of blockchain and AI. FHE technology allows direct computation on encrypted data without the need for decryption, which solves the contradiction between blockchain transparency and privacy protection. Zama raised $130 million with a valuation of over $1 billion, led by Blockchange, Pantera, Pantera, and Multicoin. This public sale of @ zama will be conducted in a sealed bidding Dutch style auction on Ethereum, where everyone submits their bids without knowing others' bids. Zama then sorts the bids from high to low to determine a unified clearing price, which can sell all the coins. Anyone who bids higher than or equal to the clearing price will be sold at a unified price, and any excess money will be automatically refunded to you. Anyone who bids lower than the clearing price will not win the bid, and the principal will be fully refunded. Zama claims that this rule is the most fair public offering mechanism in history. Although it can ensure the true demand of the market and determine the final price, the gambling content inside is also very high, so everyone will get involved. Whether or not to participate can be analyzed by oneself. Zama public sale details: Total supply: 11 billion ZAMA Public sales: accounting for 10% (1.1 billion) of ZAMA's total supply Valuation: The auction floor price corresponds to $55 million FDV, but there is no upper limit Auction time: January 12th to January 15th, 2026 Collection time: January 20, 2026 Zama Token Economics 1/Public sale (10% ≈ 1.1 billion pieces) The tokens purchased in the auction will be fully unlocked and can be used immediately in the Zama protocol 2/Early participation/airdrop (potential approximately 1% ≈ 100 million pieces) Targeting test website participants, creators, and OG NFT holders (priority), rewarding active users and developers. 3/Team and Investors Team and consultants: expected 15-20%. Investors: Expected 20-25%, specific lock up period not yet announced. The remaining amount will be allocated to the ecological fund (to support developers), protocol security (pledge mechanism), and daily operations. The specific allocation details need to wait for the official announcement from the main website, which is expected to be launched before the end of December. Therefore, this auction started after TGE and is one of the earliest "after-sales auctions". Auction method: 1/Phase 1: Shield stablecoin Time: Any time after the mainnet goes live Participating in the Zama auction requires holding confidential stablecoins on Ethereum, which are obtained by blocking USDC, USDT, or DAI. It is recommended to block more tokens intended for bidding. 2/Phase 2: Bidding Time: January 12th to January 15th, 2026 After the auction begins, there are four days to bid, and the price and quantity of each bid can be re selected. The price is public but the quantity is confidential. The price is unlimited and can be cancelled at any time during the auction period. 3/Phase Three: Liquidation Price and Distribution Time: January 16th to January 19th, 2026 The bidding is conducted in order from highest to lowest, and the lowest price that is executed in the bidding is the liquidation price. There are three possible outcomes: ▪️ Bidding higher than the liquidation price: You can receive the full subscription quantity, and the actual payment will be settled according to the liquidation price. Any excess will be refunded to the original payment method. ▪️ Bid at liquidation price: If the total demand at this price exceeds the remaining distributable amount, tokens will be distributed proportionally, and the corresponding amount for the unallocated portion will be refunded. ▪️ Bid below clearing price: No tokens will be obtained, and the full amount paid will be refunded. 4/Stage 4: Collecting Tokens Date: January 20th, 2026 After the allocation results are confirmed, participants will receive the corresponding ZAMA tokens and refunds. ZAMA will be issued in standard ERC-20 format, and refunds can be collected as ERC-20 or confidential version ERC-7984 at your own discretion. More details: https://(x.com)/randhindi/status/199543944134631705 Participation method: 1/Zama registration opens in 12 days: https://www.zama.org/auction 2/Complete user verification, which mainly involves wallet signature confirmation without KYC, only verifying on chain identity. 3/Minimum subscription of 300 USDT (or equivalent stablecoins), with no upper limit within the total supply 4/One or more Ethereum wallet addresses can be prepared for decentralized bidding across multiple wallets 5/A small amount of ETH gas fee is required to submit the bid Now prepare your wallet and stablecoin, follow Zama and wait for official announcements.