{
  "url": "https://blockindex.ai/coin/zama",
  "name": "Zama",
  "links": {
    "github": "https://github.com/zama-ai",
    "website": "https://www.zama.org/",
    "whitepaper": "https://docs.zama.org/protocol/zama-protocol-litepaper"
  },
  "dScore": 33,
  "market": {
    "priceUsd": 0.03466891233754426,
    "marketCapUsd": 76271607.14259738,
    "volume24hUsd": 26270795.40244475,
    "priceChange7dPct": 7.85520563,
    "priceChange24hPct": -1.65825317
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": null,
    "circulating": 2200000000,
    "circulatingPct": null
  },
  "ticker": "ZAMA",
  "founder": "Dr. Rand Hindi and Dr. Pascal Paillier",
  "vcFunded": true,
  "updatedAt": "2026-06-19T06:00:29.866891+00:00",
  "fairLaunch": false,
  "launchYear": 2026,
  "description": "Zama is the project behind ZAMA, the native utility token of the Zama Confidential Blockchain Protocol. The protocol is positioned as a cross-chain confidentiality layer for existing public blockchains rather than as a standalone Layer 1 network. Its purpose is to bring private smart contract execution and confidential asset activity to public-chain applications using Fully Homomorphic Encryption, allowing encrypted data to be processed without first decrypting it. The company was founded in 2020 by Dr. Rand Hindi, co-founder and CEO, and Dr. Pascal Paillier, co-founder and CTO. The ZAMA token launched on February 2, 2026, with eligible claims opening at 12:00 UTC and exchange trading beginning at 13:00 UTC.\n\nTechnically, Zama combines smart contracts, Gateway infrastructure, FHE coprocessors, KMS nodes, staking, and protocol governance. Its official litepaper describes Gateway contracts running on a dedicated Arbitrum rollup for performance and cost efficiency, while host chains such as Ethereum and Solana interact with the confidentiality layer. The architecture includes 18 initial protocol operators, consisting of 13 KMS nodes and 5 FHE coprocessors, under a delegated proof-of-stake style operator model. Zama also maintains open-source cryptography and FHE repositories including TFHE-rs, Concrete, Concrete ML, FHEVM, and Threshold FHE, reflecting a strong emphasis on applied cryptographic infrastructure.\n\nThe ZAMA token is used for protocol fees, staking, operator incentives, and governance. Zama's documented economics use a burn-and-mint model in which protocol fees are burned and staking or operator rewards are minted according to an emissions schedule. The initial inflation rate is documented as 5% and can be changed through governance. Token distribution totals 11 billion ZAMA, with 2.2 billion circulating at launch, representing 20% of supply. The provided distribution includes 12% public sale, 6% TGE campaigns, 2% liquidity, 20% treasury, 10% growth, 20% team, 20% VCs, and 10% angels.\n\nGovernance is handled through the Zama Protocol Aragon DAO on Ethereum, with protocol operators having equal voting weight independent of staking amount. Protocol updates require majority operator adoption, while emergency pause and blacklist powers are documented as part of the security model. The protocol therefore mixes decentralized governance elements with a controlled initial operator set and explicit emergency mechanisms. Zama is also a VC-backed company, having raised more than $150 million at a reported $1.2 billion valuation from investors including Multicoin, Pantera, Blockchange, Protocol Labs, and founders of major protocols.\n\nZama's adoption profile is centered on confidential blockchain applications, encrypted computation, confidential wrappers, cross-chain asset workflows, staking, and governance. ZAMA is listed on major centralized exchanges and has DEX availability through Uniswap and PancakeSwap ecosystems. Its token deployments span Ethereum, BNB Smart Chain, and Solana, while the protocol design references Gateway operations on a dedicated Arbitrum rollup. The roadmap described in the source material expects operator participation to open progressively beyond genesis operators after candidates demonstrate testnet reliability and stake sufficient ZAMA, supporting a gradual path from controlled launch infrastructure toward broader operator participation.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 2",
    "isToken": true,
    "consensus": "DPoS",
    "parentChain": "ETH"
  },
  "dScoreComponents": {
    "autonomy": 0,
    "ageHistory": 7,
    "governance": 20,
    "nodeDistribution": 0,
    "initialDistribution": 6
  },
  "decentralizationVerdict": "Centralized Leaning"
}