Zama just dropped details about their upcoming token sale—and they're going the sealed-bid Dutch auction route.
Here's what we know: 10% of total $ZAMA supply is hitting the market through their own platform. The setup mirrors what Aztec Network did earlier, which got pretty solid traction.
Key numbers? Floor valuation sits at $55M FDV. Not crazy high, not basement either.
Timeline's tight: auction window opens January 12th, runs through the 15th. Then there's a gap—token claims don't start until January 20th. That five-day buffer between auction close and distribution is interesting. Probably smart from a settlement perspective.
Sealed-bid format means no one sees competing offers until it's over. Could create some wild pricing dynamics depending on how many participants pile in.
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StablecoinArbitrageur
· 12-01 21:53
sealed-bid dutch auction? nah, this is just fancy vaporware until the actual price discovery happens. that five-day gap screams settlement risk to me.
Reply0
probably_nothing_anon
· 12-01 21:52
Sealed bidding auction? This trap has been played by Aztec, and now Zama is here too... Wait, it starts on January 12th? Why do I feel like these projects are all rushing for the same window?
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WealthCoffee
· 12-01 21:48
Sealed bidding? At that time, a group of Large Investors will band together to enter, and the retail investors will be left with the scraps.
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WalletInspector
· 12-01 21:43
Sealed bidding? This trap has been used by Aztec, 55M FDV looks okay, just afraid the price will skyrocket in the end.
Zama just dropped details about their upcoming token sale—and they're going the sealed-bid Dutch auction route.
Here's what we know: 10% of total $ZAMA supply is hitting the market through their own platform. The setup mirrors what Aztec Network did earlier, which got pretty solid traction.
Key numbers? Floor valuation sits at $55M FDV. Not crazy high, not basement either.
Timeline's tight: auction window opens January 12th, runs through the 15th. Then there's a gap—token claims don't start until January 20th. That five-day buffer between auction close and distribution is interesting. Probably smart from a settlement perspective.
Sealed-bid format means no one sees competing offers until it's over. Could create some wild pricing dynamics depending on how many participants pile in.