PANews reported on December 1st that crypto company Zama has announced the official launch of a public auction. 10% of the ZAMA supply will be sold via a Dutch auction on Ethereum, using the Zama protocol itself to ensure the confidentiality of bids and FHE (Fully Homomorphic Encryption). Key features include: guaranteeing fair allocation and true price discovery; preventing bot attacks or gas wars; and immediate token unlocking. The auction will run from January 12th to 15th, 2026; the claim period ends on January 20th, 2026. ZAMA is the utility token of the Zama protocol, which acts as a confidentiality layer over existing L1/L2 protocols: paying encryption and decryption fees, staking or delegating to operators, and helping to protect FHE coprocessors and KMS nodes. The mainnet is expected to launch before the end of the year, and the ZAMA token will be fully functional before the auction.

In June of this year, it was previously reported that Zama completed a $57 million Series B funding round at a valuation of $1 billion, led by Pantera Capital and others .