Zama launched the public phase of its token sale on CoinList to fund privacy infrastructure for existing public blockchains. The protocol aims to add confidentiality without requiring users to migrate to a new chain.

Project and team

The protocol is developing base-layer privacy tools and claims a team of more than 120 experts working on integration with live networks. The approach focuses on augmenting current chains rather than creating a separate blockchain environment.

Auction format and economics

The sale is structured as a closed Dutch auction, where bids are ordered from highest to lowest and the lowest accepted bid sets the clearing price for all successful participants. The auction specifies a minimum price of $0.005, implying a fully diluted valuation of $55 million.

Distribution and timing

Participants who purchase tokens through CoinList will receive an allocation of an additional 5% of the token supply available via that channel. The token generation event will deliver 100% of purchased tokens at TGE.

Participation details

Trading is scheduled to begin on 02.02.2026, with the public phase hosted on Zama’s auction platform and CoinList acting as a participating venue. Instructions and platform access were provided by the issuer; external links and step-by-step guides are not included here.