$ZAMA là utility token and governance token of Zama, a pioneer in fully homomorphic encryption protocols that build secure data infrastructure for smart contracts on the Ethereum platform.
Project Background
The token serves as a cross-chain security layer that enables direct computation on encrypted data without the need for decryption, supporting secure DeFi use cases, digital identity, and AI security. The project was co-founded in 2020 by Dr. Rand Hindi and the renowned cryptographer Dr. Pascal Paillier. Zama officially launched the token on the Ethereum network in early 2026 after completing a public auction round that raised $118 million.
Token Usage
Token holders can delegate staking to validator nodes to receive shares from the network’s yearly inflation reward pool. The token is used to pay for off-chain computation service fees, data decryption fees, and cross-chain security bridge fees. Users who delegate tokens have the right to indirectly influence the Aragon DAO governance system of the protocol by selecting the operating nodes.
Tokenomics
The current total supply stands at over 11,313,374,436 ZAMA, with approximately 2,547,724,632 ZAMA in free circulation on the market. The protocol applies a burn-and-mint model: all service fees paid in ZAMA will be fully burned from the supply. The initial inflation issuance rate is set at 5% per year to fund staking rewards for infrastructure operating nodes.
Development Roadmap
Deploy Confidential Vaults (September 2026) — an expansion platform adding 16 new security vaults, increasing the total value of protected assets to approximately $78 million. Integrate the expanded network
Project Background
The token serves as a cross-chain security layer that enables direct computation on encrypted data without the need for decryption, supporting secure DeFi use cases, digital identity, and AI security. The project was co-founded in 2020 by Dr. Rand Hindi and the renowned cryptographer Dr. Pascal Paillier. Zama officially launched the token on the Ethereum network in early 2026 after completing a public auction round that raised $118 million.
Token Usage
Token holders can delegate staking to validator nodes to receive shares from the network’s yearly inflation reward pool. The token is used to pay for off-chain computation service fees, data decryption fees, and cross-chain security bridge fees. Users who delegate tokens have the right to indirectly influence the Aragon DAO governance system of the protocol by selecting the operating nodes.
Tokenomics
The current total supply stands at over 11,313,374,436 ZAMA, with approximately 2,547,724,632 ZAMA in free circulation on the market. The protocol applies a burn-and-mint model: all service fees paid in ZAMA will be fully burned from the supply. The initial inflation issuance rate is set at 5% per year to fund staking rewards for infrastructure operating nodes.
Development Roadmap
Deploy Confidential Vaults (September 2026) — an expansion platform adding 16 new security vaults, increasing the total value of protected assets to approximately $78 million. Integrate the expanded network