Zama is leveraging its own stack for a novel sealed-bid Dutch auction public sale. The sale is for 880M ZAMA (8% of total supply), and ends tomorrow, Jan 24. Zama is the leader in the FHE space. here’s high level overview of the sale:

Sealed-bid Dutch Auction

Bidding is done using confidential tokens to keep your strategy private. We recommend shielding more funds than you plan to bid for maximum privacy. Everyone submits a bid with ZAMA price and dollar amount to bid.

Bid size and price are confidential until the auction settles. When the auction ends, orders are filled from high to low. once the auction supply is depleted, the lowest price filled becomes the clearing price. Bids above the clearing pri