36/100 — Audited by Token Verdict
Zama builds open-source fully homomorphic encryption (FHE) infrastructure for blockchain and AI — its TFHE-rs and Concrete libraries let developers compute on encrypted data without ever decrypting it, with a CoinList token sale completed February 2026 and TGE still pending. The two real red flags are no disclosed tokenomics allocation or vesting schedule post-raise, and undefined $ZAMA token utility — both are legitimate concerns for a project that has already banked $184.83M and sold tokens to the public. On the upside, CTO Pascal Paillier literally invented the Paillier cryptosystem, backing from Pantera, Protocol Labs, and Multicoin validates the science, and 8,000+ GitHub stars across 30 repos proves sustained deep-tech delivery. Score 36/100 understates the project quality — this is real cryptography infrastructure led by world-class researchers — but tokenomics opacity before TGE is a legitimate hold signal for token buyers.
How well-structured is the token supply, allocation, and distribution?
Tokenomics page exists but supply details unclear.
No allocation information found.
No vesting or lockup information found.
No clear token utility beyond speculation.
No burn or deflationary mechanism found.
How is the TGE structured? Is it fair and transparent?
No launch platform details found.
No pricing mechanism details found.
No liquidity provision details found.
No anti-dump protections found.
Who is behind this project and can they be trusted?
2 team member(s) found.
Team exists but track record unverified.
No smart contract audit found.
30 repos, 10 recently active.
Does this project have real market demand and competitive positioning?
Brief description available. Problem-solution unclear.
Targets ai market.
Cannot assess competitive advantage from available data.
Traction signals: 8000 GitHub stars, active development, Twitter: @zaboratory, community channels found.
How engaged is the community and how is governance structured?
Community presence: Twitter: @zaboratory, Discord.
No governance model found.
Communication: whitepaper available.