Zama reveals public auction details, TGE presale to launch on February 2

Foresight News reported that FHE cryptography company Zama has disclosed details of its public auction, stating that the total transaction amount reached $118.5 million, including $2.2 million from an exchange auction and $4.2 million from a CoinList auction. A total of 24,697 bids were executed in this auction, with 11,103 unique bidders participating. The final bid price was $0.05, with 880 million tokens sold, resulting in an oversubscription rate of 318% and a refund rate of 62.89%.

Regarding subsequent arrangements, Zama's public sale accounts for 12% of the initial supply, divided into three phases: 2% for the community sale, 8% for the public auction, and 2% for the pre-TGE presale. The upcoming TGE presale will provide an opportunity for participants who did not win in the auction to purchase ZAMA tokens at the auction settlement price, with a participation cap of $10,000. Subscription will begin on February 2.