[Zama Public Token Auction Registration Now Open, Bidding Starts January 21 at 16:00] According to Chainwire, the crypto privacy protocol Zama has announced details of its upcoming public token auction. The auction will adopt a single-price sealed bid Dutch auction format and utilize the company’s proprietary fully homomorphic encryption technology. Registration for the public auction is now open. Bidding will begin on January 21, 2026, at 16:00 (UTC+8) and will end on January 24, 2026. The token generation event is scheduled for February 2, 2026, at which point tokens purchased through the public auction are expected to be fully unlocked. Participants must complete registration and verification in advance and use a verified single wallet address to submit bids in USDT, specifying the total purchase amount and the maximum price per token they are willing to accept. After the auction ends, the system will calculate a unified clearing price. Bids with a limit price equal to or higher than the clearing price will be allocated tokens at the clearing price, while unsuccessful bids or excess funds will be refunded to the original wallet. Previously, it was reported that Zama will launch token sales through CoinList and its proprietary auction app, with a FDV floor price of $55 million. Zama’s mainnet has also launched staking functionality, with 18 operational nodes participating.