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Fully homomorphic encryption (FHE) firm Zama has confirmed a multi-stage auction format for its upcoming token sale, with the token generation event (TGE) expected in early February.
According to the company, the sale will be conducted across several stages, allowing participants to bid through a structured auction process rather than a single fixed-price sale. The approach is designed to improve price discovery and create a more orderly distribution, particularly as demand builds ahead of the TGE.
Zama has positioned the sale as part of its broader push to expand adoption of privacy-preserving cryptography, with FHE increasingly viewed as a key technology for secure onchain computation and confidential smart contract execution.
The announcement comes as auction-style token launches gain popularity again across crypto, as teams look for more transparent sale mechanics and reduce the volatility often seen around early allocations.
Zama has not yet confirmed all final token parameters publicly, but has indicated the auction will run in stages, followed by TGE and expected market availability shortly after.
The Zama Confidential Blockchain Protocol enables confidential smart contracts on top of any L1 or L2 using FHE.