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Binance Lists Zama: FHE Encryption and Tokenomics Featuring Full Fee Burn

The exchange has opened trading for the token under its Seed Tag. With a valuation exceeding $1 B, the project tackles the most critical challenge in blockchain — achieving total privacy without compromising verifiability.

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Binance officially expanded its ecosystem on February 2, 2026, by launching Zama (ZAMA) token trades. The project was founded by Pascal Paillier and Rand Hindi.

The asset carries a Seed Tag, highlighting its innovative nature while signaling potential volatility. This listing arrives at a pivotal moment: as global regulators push for transparency, the industry is searching for robust ways to secure sensitive data.

With Zama, data stays private through every stage: storage, transmission, and computation.

How FHE Technology Works

Zama addresses the core conflict of public ledgers through Fully Homomorphic Encryption (FHE). While standard encryption typically renders data unusable for processing, Zama allows computations to be performed on encrypted information without ever needing to decrypt it.

The technical heart of the protocol is the fhEVM. This virtual machine enables Ethereum-compatible networks to handle private transactions. Developers can write Solidity contracts where transaction amounts or payroll details remain hidden from public view yet stay fully verifiable on-chain. Integration is straightforward even for those without a cryptography background: the TFHE-rs and Concrete libraries compile standard Python or Rust code directly into FHE programs.

Expansion Into the AI Sector

Zama has aimed beyond the crypto space since its inception. Its Concrete ML tool enables neural networks to analyze medical or financial datasets without accessing the raw source files. This paves the way for secure machine learning within the corporate world.

The architecture remains resilient against future quantum attacks thanks to lattice-based cryptography. Key security is maintained via a threshold protocol and MPC computations, ensuring no single party — including the core team — can access the network’s private keys.

Economic Model

The ZAMA economic model focuses on generating deflationary pressure through a burn-and-mint mechanic:

  • Validators stake tokens to secure the network.
  • Users pay ZAMA fees for every computation.
  • 100% of these collected fees are burned.

The total supply stands at 11 B tokens, with approximately 2.25 B (20.45%) in circulation at launch. The asset is available on both the Ethereum and BNB Smart Chain networks.

A 100-person team, including 40 PhDs, provides heavy-hitting expertise. During its Series A, the project raised $73 M at a $400 M valuation. By mid-2025, Zama achieved unicorn status, crossing the $1 B mark. Its backers include Multicoin Capital, Protocol Labs, Pantera Capital, Solana founder Anatoly Yakovenko, and Ethereum co-founder Gavin Wood.

Trading Details

Spot trading went live on February 2 at 13:00 (UTC) with USDT, USDC, and TRY pairs. Withdrawals followed on February 3 at 13:00 (UTC).

Early Alpha Accounts users were granted a migration window, allowing asset transfers to the spot wallet 15 minutes before the launch. Furthermore, Binance has set aside 55 M ZAMA for marketing campaigns to drive user adoption.

This post is for informational purposes only and does not constitute advertising or investment advice. Please do your own research before making any decisions.

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