Zama Auction

Zama is HTTPS for blockchain

About

Zama adds a layer of confidentiality to existing public blockchains such as Ethereum and Solana.

It enables users to shield their tokens and confidentially transfer, swap or stake them in DeFi. Some use cases include confidential stablecoins, swaps, RWA tokenization and DeFi. Zama is like HTTPS, but for blockchain transactions.

Zama leverages state-of-the-art Fully Homomorphic Encryption (FHE) technology, which enables computing directly on encrypted data. FHE has long been considered the “holy grail” of cryptography, as it allows end-to-end encryption for any application, onchain or offchain, and is secure even against quantum computers.

Zama was founded by Dr Rand Hindi (PhD in AI, created one of the first AI companies) and Dr Pascal Paillier (PhD in cryptography, co-inventor of FHE and the Paillier scheme). They have over 100 people in their team, including 37 PhDs, and have raised over $150m from Multicoin, Pantera, and others.

Token Sale Terms Website Twitter Telegram Docs Whitepaper Blog Investor Deck

Sale Terms

Token Price

  • To be determined by Auction results.

Fully Diluted Value

  • Starting at $55M

Unlock Schedule

  • 100% unlock, expected on February 2, 2026

Allocated Sale Supply

  • 880,000,000 ZAMA (8% of the total token supply)

Total Token Supply

  • 11,000,000,000 ZAMA

Purchase Methods

  • USDT, USDC

Previous Raises + Valuations

  • Series A (2024): $73M
  • Series B (2025): $57M, valuation > $1B

Ineligible Jurisdictions

  • Afghanistan, Angola, Belarus, Burundi, Canada, Central African Republic, Congo (Kinshasa), Congo (Brazzaville), Cuba, Côte d’Ivoire, Eritrea, Ethiopia, Guatemala, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Laos, Lebanon, Liberia, Libya, Mali, Moldova, Montenegro, Myanmar, Nicaragua, Niger, North Korea, Pakistan, Palestine, Russia, Somalia, South Sudan, Sudan, Syrian Arab Republic, Tunisia, Uganda, United Kingdom, United States (and its territories), Vanuatu, Venezuela, Yemen, Zimbabwe

Milestones

  • January 21-24
    Token Sale

  • February 2, 2026
    Expected TGE

FAQ

How does the Zama Auction work?
The Zama Auction is a sealed-bid Dutch auction. Participants submit confidential bids, and the clearing price is determined based on market demand. This auction method aims to ensure fair price discovery while minimizing manipulation.

Additional information on the Zama Auction can be found here.

How do I fund my purchase?
We will display payment information when you complete your registration for the Token Sale. Eligible purchasers can pay with Tether (“USDT”) or USD Coin (“USDC”). Payments made in USDT or USDC will equate to the value of one United States Dollar ("USD") regardless of fluctuations in USDT or USDC.

You must also have sufficient ETH in your wallet to cover the Ethereum network gas fees when submitting your transaction. If your wallet does not have enough ETH for gas, you will not be able to submit either USDT or USDC for purchase.

How is the final price determined?
After bidding ends:

  • Bids are sorted from highest to lowest.
  • The auction clears at the price where the total allocated tokens reach the supply limit.
  • Bids above the clearing price get full allocation and a refund for any overpayment. Bids equal to the clearing price may get partial allocation on a pro-rata basis. Bids below the clearing price receive no tokens and will be fully refunded.

Allocations are determined by the Zama team.

What happens to unused funds?
Any excess funds from bids that did not receive a full allocation will be refunded to participants' non-custodial CoinList wallets within one week from the close of the sale.

When do I need to fund my purchase?
In order to participate in the Zama Auction, users will need to fund their purchase request with the minimum purchase amount ($100 USD worth of USDT or USDC). There is no pre-funding deadline, but users will need to fund their purchase request within the 4-day timeframe, from January 21 at 08:00 UTC to January 24 at 20:00 UTC, to be eligible for an allocation.

What is the unlock schedule?
100% unlock at TGE, expected on February 2, 2026.

Where will ZAMA tokens be distributed?
ZAMA tokens will be distributed to your non-custodial CoinList wallet.

Can I participate in the sale without going through KYC?
No, participation in the sale requires completion of KYC/AML (Know Your Customer/Anti-Money Laundering) checks for all participants.

Which jurisdictions are not eligible to participate?
Afghanistan, Angola, Belarus, Burundi, Canada, Central African Republic, Congo (Kinshasa), Congo (Brazzaville), Cuba, Côte d’Ivoire, Eritrea, Ethiopia, Guatemala, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Laos, Lebanon, Liberia, Libya, Mali, Moldova, Montenegro, Myanmar, Nicaragua, Niger, North Korea, Pakistan, Palestine, Russia, Somalia, South Sudan, Sudan, Syrian Arab Republic, Tunisia, Uganda, United Kingdom, United States (and its territories), Vanuatu, Venezuela, Yemen, Zimbabwe.

The content on this page has been provided by Zama Auction and is for general informational purposes only. CoinList does not make any representations or warranties, express or implied, regarding the accuracy, completeness, or timeliness of the information provided. Additionally, CoinList does not endorse or recommend any products, or services, mentioned on this page, nor does anything contained herein constitute financial, investment, legal, or other professional advice. The utility, future value, or market for the digital assets offered by Zama Auction is speculative and subject to change and no assurances are made regarding the digital asset's functionality or value. Users are encouraged to consult their own independent advisors before making any decisions based on the content of this site.

This crypto-asset marketing communication has not been licensed, reviewed or approved by any competent authority in any Member State of the European Union. The offeror of the crypto-asset, Zama Auction, is solely responsible for the content of this crypto-asset marketing communication.