About the Project
Confidentially launch your token and let buyers bid securely with Zama’s fhEVM—ensuring privacy at the bid process and auction fairness from start to settlement.
Customizable Token Launches
Fully Confidential Auctions
Single-Price Settlement
Trustless Refund Protection
How It Works
1. Submit Sealed Bids
Participants bid in total privacy. Buyers submit encrypted bids by providing the token amount and the price per token.
Then, Zama’s Gateway decrypt the total value needed to confirm the bid (token amount multiply by the price per token) allowing the user to confirm his bid by providing the ETH required.
2. Reveal Phase
After the auction closes, bids are securely decrypted using Zama’s fhEVM. The smart contract calculates the single settlement price (highest price that fills the auction) and ranks bids.
3. Allocation Phase
Tokens are distributed top-down: Highest bidders get priority, all paying the same fair price. No favoritism: Allocation rules are enforced by code, not humans.
4. Distribution Phase
Participants can claim tokens and/or get refunds based on their allocation. Then, the auction owner can claimed the ETH raised during the auction.