Zama, a crypto privacy protocol, has opened registration for its upcoming public token auction, set to begin on January 21, 2026, at 16:00 (UTC+8). The auction will employ a single-price, sealed-bid Dutch auction format, utilizing Zama's proprietary fully homomorphic encryption technology. Participants must register and verify their identity, submitting bids in USDT from a verified wallet, specifying their total purchase amount and maximum price per token. The auction will conclude on January 24, 2026, with token generation scheduled for February 2, 2026, when tokens will be fully unlocked. A uniform liquidation price will be determined post-auction, with successful bids allocated tokens at this price. Unsuccessful bids or excess funds will be returned. Zama previously announced a token sale via CoinList and its auction app, with a floor price of $55 million for FDV, alongside the launch of a staking function on its mainnet.