[Over 18 Million USDT Encrypted as cUSDT in Zama Token Auction, Total Bids Reach 2,411] Foresight News reports that FHE cryptography company Zama is conducting a public auction for ZAMA tokens. So far, over 18 million USDT has been encrypted as cUSDT to participate in bidding, with a total of 2,411 bids placed. The total supply of ZAMA tokens for this auction is 880 million, with a starting price of $0.005, corresponding to a minimum FDV of $55 million. The auction adopts a clearing mechanism that fills from high to low, with the lowest successful bid after filling the 880 million tokens becoming the final clearing price. Each user can bid up to 10 times, with a single bid capped at 88 million ZAMA tokens. The event will conclude on January 24.