Zama officially announced the final time for the Public Auction. The market narrative for 2026 clearly shows a growing interest in privacy. With years of FHE research, a team of over 120 members, including multiple cryptography PhDs, Zama is being taken more seriously by more people. Zama has already started registration for the token launch. Over the past couple of days, many people have been stuck at KYC, but using a Chinese passport along with a Hong Kong utility bill or a China Unicom phone bill can usually get you through. Haven’t seen such a lively token launch scene in a long time—it’s almost like everyone is participating in this game. For big players, it’s about financial allocation; for retail investors, it’s a chance to bet on a breakout. Before the secondary market opens, everyone’s watching the market divergence. The current timeline is 1.15 for the community round, 1.21 for the public sale, and the token launch is set for 2.2, coinciding with the "Dragon Raising Its Head" day. The challenge of this presale lies in its privacy auction format, with a minimum valuation of $55 million. However, the quantity is unknown, and the project team will transact from the highest price downward, leaving a lot of room for strategic play. Binance pre-market price is currently around 0.1, corresponding to a $1 billion valuation, which also serves as a reference for the upper limit of this presale’s valuation.