Zama Launches Token Sale with Minimum FDV Valuation of $55M via CoinList and Its Own Auction App

The French startup Zama, known for its developments in fully homomorphic encryption (Fully Homomorphic Encryption, FHE) for blockchain and artificial intelligence, has announced the launch of the ZAMA token sale with a minimum fully diluted value (FDV) of $55 million. The sale will take place on the CoinList platform and through Zama's own auction app, making it the first fully on-chain and non-custodial token sale on CoinList. This event is attracting attention from the crypto community, especially in Ukraine, where interest in privacy technologies and decentralized finance is rapidly growing.

Zama plans to sell 12% of the total token supply, which amounts to 11 billion ZAMA. The distribution occurs in three stages: 2% for Zama NFT holders (community sale), 8% through the main auction on CoinList from January 21 to 24, and another 2% post-auction from January 27 to February 2 at the clearing price. The auction uses a sealed-bid mechanism in the style of a Dutch auction, where bids remain end-to-end encrypted thanks to Zama's FHE technology, ensuring participant privacy while maintaining on-chain auditability.

The minimum token price is set at $0.005, corresponding to an FDV of $55 million. Tokens will become available for claiming on February 2, 2026, with a minimum purchase amount of $100. According to Zama co-founder Rand Hindi, this sale is not just fundraising but a demonstration of the practical application of FHE, which allows processing encrypted data without revealing its content.

On the X platform, the event is already sparking lively discussions. Users highlight Zama among the "hot" tokens of the day, alongside projects like $LIT and $ASTER. Some, like @lakancrypto, share hedging strategies via Polymarket, where the probability of ZAMA's FDV exceeding $600 million on the day after launch is estimated at 67%.

Holders of OG Zama NFTs can purchase tokens up to $200 at the $55M FDV, potentially providing significant upside – up to 11x at a $1 billion valuation, as in the latest funding round.

Zama, valued at $1 billion after funding rounds from investors like Protocol Labs and Multicoin Capital, positions itself as a leader in private computations for Web3. The ZAMA token will be used for payments for encryption/decryption and rewards for stakers, with a fee-burning mechanism. This makes the project attractive for AI and DeFi developers, where data privacy is becoming critical.