​​Zama raises $44M in public token sale at $550M FDV

#Zama public token sale recorded $121.3M in Total Value Shielded, with $118.5M in total value committed across the auction, including $2.2M from the KuCoin sale and $4.2M from the CoinList sale. A total of 24,697 bids were executed across three platforms by 11,103 unique bidders. The auction cleared at a price of $0.05, with winning bids paying a final amount of $44M. Overall demand reached 2.81B tokens, while 880M tokens were sold, resulting in a 218% oversubscription and a refund ratio of 62.89%.

Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption solutions for blockchain and #AI .

👉 x.com/zama/status/2015757062236520495