Zama uses its own encryption technology to auction Tokens, this operation is quite something.

TokenSherpa

2025-12-01 11:04:26

[Bit推] Zama has come up with a quite fresh gameplay - using their own fully homomorphic encryption technology to auction Tokens. This time, they directly held a sealed Bidding Dutch Auction on Ethereum, throwing out 10% of ZAMA Tokens for sale.

The most interesting part is the bidding process encrypted with FHE, where others cannot see how much you bid, which avoids the chaos of scientists racing ahead or gas fee disputes. Once you get the tokens, you can use them without the locking scheme, providing a relatively fair price discovery opportunity.

The timeline is quite tight: the抢 starts from January 12 to 15, and the unified collection is on the 20th. The ZAMA token will be used in their protocol, mainly for encryption and decryption tasks, and can also be staked on nodes to earn rewards. According to the official statement, the mainnet will officially launch before the end of the year, and at that time, the security of FHE nodes will rely on it.

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WalletInspector

· 1h ago

This operation is indeed good; I finally see a project that really uses its own technology and isn't just pure deception.

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DegenWhisperer

· 20h ago

This operation is indeed interesting, but can FHE really block Bots?

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MidnightTrader

· 12-01 11:34

Wow, this operation is indeed amazing. The FHE encryption bidding can't prevent frontrunning at all. I just want to ask if Zama's move is true innovation or just a good story.

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LuckyBlindCat

· 12-01 11:33

Wow, did they really use FHE for the auction? This idea is brilliant, it directly shuts down the opportunity for front-running.

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PanicSeller

· 12-01 11:33

Haha, this operation is quite interesting. Finally, there are projects that are not playing the old routine of lock-up positions. Another FHE concept, but this time using encryption bidding really avoids pitfalls. I like it. Wait, the mainnet is going live at the end of the year? Is this timeline reliable, everyone? Damn, I can't keep up with this transparent bidding at all; my internet speed is the original sin. How are the ZAMA stake yields? Has anyone calculated it? To be honest, the FHE technology in this area is still quite cutting-edge; it all depends on whether the team is reliable.

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governance_ghost

· 12-01 11:22

Really, this FHE encryption bidding design is quite interesting, the frontrunners are probably done for. To be honest, I'm a bit hesitant to enter a position, I'll have to wait until the Mainnet goes live to see if it can really take off. Dutch Auction plus FHE, this combination of skills seems a bit full, I'm just worried it might become a big deal later on. The lack of Lock-up Position actually makes people a bit uneasy, is this meant to show confidence or what? This guy is doing sealed bidding on Ethereum, it always feels like he's giving discounts on Gas fees. Pricing will be set by the end of January, the timeline is tight, but we'll have to see how much real money can be sold from this ten percent.

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AirdropF5Bro

· 12-01 11:14

The sealed bidding tactic is ruthless; at last, a project dares to implement its own technology.

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GateUser-beba108d

· 12-01 11:12

This operation is indeed innovative; using FHE for auctioning is the best marketing.

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