Zama will launch token sales through CoinList and its own auction app, with a minimum FDV price of $55 million According to The Block, the encryption privacy protocol Zama will launch on chain token sales with a fully diluted valuation (FDV) floor of $55 million through CoinList and its own auction application, using a sealed bid Dutch style auction structure to allocate 12% of its total supply of 11 billion tokens. This 12% token sale is divided into three parts. Prior to the main auction, a 2% community token sale will be conducted this week for NFT holders of Zama; From January 21st to January 24th, we will collaborate with CoinList to conduct an 8% sealed bid Dutch style auction; From January 27th to February 2nd, the final 2% of the auction settlement price will be sold after the auction. Although CoinList is the main issuing partner for this auction, the sale is not limited to this platform. Participants can also bid through Zama's proprietary auction application. The main auction will be conducted on the Ethereum mainnet in the form of a sealed bid Dutch style auction. The bids are executed in descending order, and the lowest price for token allocation is the clearing price that all successful bidders must pay. The minimum price for this auction is $0.005 per token, and based on the total supply of Zama tokens, the FDV is $55 million. CoinList President Scott Keto stated that the sale of Zama marks CoinList's first fully on chain, non custodial token sale. The Zama auction is also a practical application case of the protocol's fully homomorphic encryption technology, which allows for computation of encrypted data. Zama stated that although the auction is executed on chain, the bid quantity remains end-to-end encrypted to prevent participants from seeing each other's positions, while preserving on chain auditability.