Crypto界消息，FHE cryptography company Zama is conducting a public auction of ZAMA tokens. As of now, over 18 million USDT have been encrypted into cUSDT for bidding, with a total of 2,411 bids. The supply of ZAMA in this auction is 880 million tokens, with a starting price of $0.005, corresponding to a floor FDV of $55 million. The auction uses a from-high-to-low filling liquidation mechanism, where the lowest successful bid after filling all 880 million tokens becomes the final clearing price. The maximum number of bids per user is 10, with a maximum bid of 88 million ZAMA per bid. The event will end on January 24.