Zama, a crypto privacy protocol, is preparing to bring to market an on-chain token sale that will be held through CoinList and its own auction application.
The company will offer 12% of its total token supply of 11 billion for sale, giving it a fully diluted fundamental value of $55 million.
Zama co-founder and CEO Rand Hindi said the token sale will consist of three separate components. Therefore, 2% of the total supply will be distributed this week through a community sale for Zama NFT holders. The main sale part 8% will be held on CoinList from January 21st to 24th. The remaining 2% will be sold at the equilibrium price determined in the main auction from January 27th to February 2nd.
*This is not investment advice.
