Zama has initiated a public token sale using a Dutch auction format, offering 10% of its total token supply. Participants can submit their desired price and quantity, with the flexibility to adjust or withdraw bids until the auction concludes. This method allows for more genuine pricing without the need for high gas fees, as the sale is conducted on the Ethereum mainnet. However, the lack of a set price poses challenges for Zama, as the final outcome may fall below expectations or be dominated by large investors. In June, Zama was valued at $1 billion during its Series B funding round.