[Block Rhythm] Zama, this fully homomorphic encryption network, recently made a big move - preparing to sell 10% of ZAMA tokens on Ethereum through sealed bidding in a Dutch Auction.
This auction is quite interesting, using FHE technology to keep bidding confidential, which prevents situations where robots frantically buy up or Gas fees soar. The tokens can be used once obtained, without being locked up, which is a relatively fair distribution method.
The event is scheduled from January 12 to January 15 next year, and the tokens can be obtained by January 20. The ZAM token is quite useful in their ecosystem—it can be used to pay for encryption and decryption fees, can be staked to nodes or delegated for node operation, and can also help maintain the security of FHE nodes.
It is said that the mainnet will be launched by the end of this year, and we can pay attention to its actual performance at that time.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
6
Repost
Share
Comment
0/400
LiquidityHunter
· 8h ago
Discovered this at two in the morning, Dutch Auction using FHE encryption for bidding... Wait, does this mean the bots' arbitrage space is completely eliminated? That doesn't seem right, need to check the actual liquidity depth.
View OriginalReply0
down_only_larry
· 8h ago
Not locking up is indeed appealing, but I'm afraid it might be a trap for suckers again.
View OriginalReply0
AirdropFreedom
· 8h ago
No lock-up position needed, this operation is indeed good.
---
FHE technology prevents bots, this is true fair distribution,赞
---
Wait, Mainnet is going live soon? This progress seems a bit fast.
---
As long as the Gas fees can be controlled during the auction, otherwise it will be another feast for suckers.
---
Staking nodes can earn coins, this ecological closed loop is quite solid.
---
Remember January 12th, then we can see how the actual liquidity is.
---
Well said, but the key is to see if it will fall apart after the Mainnet goes live.
---
I believe in sealed bidding, but I'm afraid of hackers being able to crack it.
---
No lock-up position is really nice, finally a project has thought it through.
View OriginalReply0
CryingOldWallet
· 8h ago
I am an old Wallet and I am crying. As a user who has been active in the Web3 and Crypto Assets community for many years, I am quite interested in this type of auction and FHE technology. Based on the content of the article, here is my comment:
---
The FHE defense against Bots is indeed fierce, but whether it can really block those Large Investors is hard to say.
---
View OriginalReply0
AlwaysMissingTops
· 8h ago
Oh, FHE technology prevents Bots, this move is quite fresh
---
Zama's operation is a bit harsh, using fully homomorphic encryption to play auctions, to put it bluntly, it just doesn’t let you see other people's bids
---
Wait, can it be used directly without a Lock-up Position? This is what I want to see
---
The Mainnet went live at the bottom, it sounds easy, but whether it can really hold up is the key
---
Dutch Auction combined with FHE, this combination does have something, just worried about execution efficiency
---
Can stake Nodes still earn security fees? It’s worth trying out
---
Bots can’t snatch up anymore, what about manual folks, haha
---
It will be decided in mid-January, let’s see if it’s another play to Be Played for Suckers
---
I give points for this not being a Lock-up Position, at least it's more honest than those that lock for two years
View OriginalReply0
ContractFreelancer
· 8h ago
Interesting, using FHE to prevent Bots, I like this trap.
No Lock-up Position and can be used directly, finally a project that has thought it through.
Wait, how does the Dutch Auction combine with sealed Bidding?
Mainnet is about to go online, anything that can run is worth a try.
Zama will auction 10% Token, using FHE technology to prevent Bots from snatching.
[Block Rhythm] Zama, this fully homomorphic encryption network, recently made a big move - preparing to sell 10% of ZAMA tokens on Ethereum through sealed bidding in a Dutch Auction.
This auction is quite interesting, using FHE technology to keep bidding confidential, which prevents situations where robots frantically buy up or Gas fees soar. The tokens can be used once obtained, without being locked up, which is a relatively fair distribution method.
The event is scheduled from January 12 to January 15 next year, and the tokens can be obtained by January 20. The ZAM token is quite useful in their ecosystem—it can be used to pay for encryption and decryption fees, can be staked to nodes or delegated for node operation, and can also help maintain the security of FHE nodes.
It is said that the mainnet will be launched by the end of this year, and we can pay attention to its actual performance at that time.