Zama, which just secured $130 million in funding, is preparing to launch a public sale. The threshold set by the project party is not low: a base valuation of $55 million, a starting price of 0.005 for the token, and this time 10% of the circulating supply will be released, with all unlocked on the day of TGE.

To be honest, releasing such a large proportion of tokens all at once is not very friendly to retail investors. They should weigh the short-term selling pressure themselves.

The Dutch auction they adopted is quite interesting—the gameplay is as follows: everyone makes an offer, and the system allocates quotas based on the order of bids from high to low, but in the end, everyone settles at the lowest transaction price (which is the clearing price). This mechanism theoretically allows for a fairer price discovery, but the actual effect still depends on the level of participation.