10% of $ZAMA will be sold through sealed Dutch auctions, using the Zama protocol to protect the privacy of bids.

The Zama auction will be held from January 12 to 15, with collection on January 20, fully unlocked at TGE.

For a streamlined version, see the last two lines.

The auction will take place in four stages:

First Stage: Shield stablecoins

Time: Anytime after the mainnet launch.

Participants in the Zama auction need to be encrypted, supporting USDC, USDT, or DAI, and can directly encrypt tokens in the auction application.

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Second Stage: Submit Bids

Time: January 12 to 15.

Each bid includes a price and quantity; the price is public, but the quantity is confidential. You can submit any number of bids, with no limit on price, and can cancel bids at any time during the auction.

Prices are based on $0.005, corresponding to 55M FDV, with no upper limit on price and bid amounts.

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Third Stage: Settlement Price and Allocation

Time: January 16 to 19.

After the auction ends, bids will be executed in descending order. The lowest executed price will be the clearing price. All participants who bid above this price will ultimately pay the same clearing price.

The following three scenarios may occur:

- Bids above the clearing price: You will receive the full allocation, and any overpaid amounts will be refunded to you.

- Bidding at the clearing price: If the quantity exceeds the remaining supply at that price, you will receive a proportional share of tokens, and the remaining portion will be refunded.

- Bids below the clearing price: You will not receive tokens and will get a full refund.

8% of the total supply will be sold through the auction, while the remaining 2% will be sold at a fixed price, the same as the auction price, but with a cap of 1wu for each participant.

Zama OG NFT benefits are related to the auction.

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@zama #ZamaCreatorProgram

After all this, to summarize:

Just go for it with a valuation of 1B from the last round of financing, which is around 0.1.