Zama co-founder Rand Hindi has revealed updates regarding the highly anticipated ZAMA token auction event. According to the announcement shared on X (formerly Twitter), the project has shifted its auction timeline, moving forward with a revised schedule that runs from January 21 through January 24. Following the completion of this period, token claiming is set to commence on February 2.
What Changed From the Original Plan
The project initially announced plans to distribute 10% of its total ZAMA token supply through a Dutch auction mechanism on the Ethereum blockchain. The original timeframe scheduled the auction for January 12 to January 15, with token distribution claimed to begin on January 20. However, the new schedule represents a slight adjustment to these previously disclosed dates, pushing both the auction window and the claiming period forward by approximately one week.
Key Details of the Updated Auction
The upcoming Dutch auction will continue to operate on Ethereum, maintaining the original format while accommodating the new schedule. The 10% token allocation represents a significant portion being made available to the community through this mechanism. Token holders and potential participants should note the revised claiming date of February 2, which gives the project additional time between the auction conclusion and the distribution phase.
This adjustment demonstrates Zama’s flexibility in managing its token launch while ensuring all necessary preparations are in place for a smooth distribution process.
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Zama Reschedules Token Auction: New Timeline Announced for ZAMA Distribution
Zama co-founder Rand Hindi has revealed updates regarding the highly anticipated ZAMA token auction event. According to the announcement shared on X (formerly Twitter), the project has shifted its auction timeline, moving forward with a revised schedule that runs from January 21 through January 24. Following the completion of this period, token claiming is set to commence on February 2.
What Changed From the Original Plan
The project initially announced plans to distribute 10% of its total ZAMA token supply through a Dutch auction mechanism on the Ethereum blockchain. The original timeframe scheduled the auction for January 12 to January 15, with token distribution claimed to begin on January 20. However, the new schedule represents a slight adjustment to these previously disclosed dates, pushing both the auction window and the claiming period forward by approximately one week.
Key Details of the Updated Auction
The upcoming Dutch auction will continue to operate on Ethereum, maintaining the original format while accommodating the new schedule. The 10% token allocation represents a significant portion being made available to the community through this mechanism. Token holders and potential participants should note the revised claiming date of February 2, which gives the project additional time between the auction conclusion and the distribution phase.
This adjustment demonstrates Zama’s flexibility in managing its token launch while ensuring all necessary preparations are in place for a smooth distribution process.