PANews reported on January 20th that, according to Chainwire, crypto privacy protocol Zama has announced details of its upcoming public token auction. The auction will be a single-price, sealed-bid Dutch auction using 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 end on January 24, 2026. Token generation is scheduled for February 2, 2026, at which time tokens purchased through the public auction are expected to be fully unlocked.

Participants must register and verify their identity in advance, and submit bids in USDT using a verified single wallet address, 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 uniform liquidation price. Bids with a price equal to or higher than this price will be allocated tokens according to the liquidation price, and unsuccessful bids or price difference funds will be returned to the original wallet.

Previously, it was reported that Zama would launch a token sale through CoinList and its own auction app, with a floor price of $55 million for FDV ; the Zama mainnet also launched a staking function, with 18 operating nodes participating.