Zama ieo project is a company in Paris. It started in 2020. The company builds tools that keep data secret, even while a computer works with it. This is called Fully Homomorphic Encryption, or FHE. Most privacy crypto projects use different tools. This is not just a token — it is a science team that made a token to help pay for its network. You can confirm the company's background and team details directly on the project's official website.
The team made two main things:
Both tools are free and open on GitHub. A project called Fhenix already uses these tools. This shows real people are using this work, not just talking about it.
The sale ran from January 13 to 19, 2026. It sold 95,418 Zama ieo tokens for $0.105 each. Buyers paid with USDT. The total money cap was just $10,018.89. This was a very small sale. The team already had $73 million from investors before this sale, so this offering was not the main way funds were raised. If you're tracking similar offerings, you can browse the current crypto presale and ICO listings to compare structures and caps.
At the sale price, the token's full guessed value was about $1.155 billion. By mid-2025, the price dropped to near $0.031, putting the value at about $341 million. You can check the live ZAMA price on CoinMarketCap to verify current figures.
The BitMart sale is over, but you can still buy the token on other exchanges. People trade about $26.6 million worth every day. Watch out for fake sellers — bad people copy FHE project names to trick buyers. Never click strange links in chat apps.
You can also track the live price before you buy or sell.
This project uses a system called burn-and-mint. When app makers pay fees to check secret data (called ZKPoK), all of that fee money in tokens gets destroyed, or "burned." Then, new tokens are made and given to the computers that do the checking work. The more people use the network, the more tokens get burned. This is supposed to help keep the price steady over time.
This plan only works well if many people are paying fees. Right now, not many apps use FHE yet, so very few fees are burned. This means new tokens are being made faster than old ones are destroyed, which can push the price down until more people start using it.
We also do not know exactly how many tokens the team and investors have, or when they can sell them. This matters a lot — if they sell a lot of tokens at once, the price could drop fast.
FHE lets a computer work with secret, locked data without ever unlocking it. The answer comes out locked too, but it still matches the right answer. This means a smart contract could check your bank balance or your vote without ever seeing it in plain form. This is different from another tool called zero-knowledge proofs, which only proves something is true, but does not let computers work directly on hidden data.
The fhEVM system adds FHE powers to Ethereum. Coders can write secret smart contracts using tools they already know. TFHE-rs is the code library behind it, and it is free for anyone to use. Fhenix, a real project, already builds on top of these tools. Before deciding, it may help to review other exchange-hosted token sales as well.
One big problem: FHE is slow. It can be 100 to 1,000 times slower than normal computer work. The team is trying to make it faster, but no one knows exactly when this problem will be fixed.
Not everything in Phase 3 is confirmed yet. Always check the official blog and GitHub page for real updates, not just plans.
The company has more than 90 workers. Almost half have the highest science degree, called a PhD. In 2023, they raised $73 million from Multicoin Capital and Protocol Labs. This shows big investors trust the science, but it does not promise the token price will go up. You can follow project announcements and team updates on the official X (Twitter) account to verify claims as they're made.
The code is open for anyone to look at on GitHub. But no named safety company has published a full check, called an audit, for the token or the fhEVM system. This is a big gap. For a project with $73 million in funding, buyers should ask the team directly about safety checks before trading.
People who run the checking computers, called node operators, can lock up tokens. This is called staking. They earn new tokens as a reward. But there is no fixed reward rate — it depends on how many fees are being paid. Right now, fees are low, so most rewards come from new tokens being made, not from real burned fees. This is important to understand before staking. If you are weighing where token sales are hosted, see this guide to launchpad fees and participation models.
The token launched at $0.105 in January 2026. After the sale, it moved to trading on many exchanges. By mid-2025, the price dropped to about $0.031 — about 70% lower. Even with the price drop, people still trade about $26.6 million worth every day.
At launch, the guessed total value was about $1.155 billion. Now it is closer to $341 million. We do not know the exact number of coins in use today, so we cannot give an exact value. People who bought at $0.105 have lost a lot of value so far. The price may only go up again if more real apps start using these tools. If you want to see how this token's trajectory compares with other projects, you can check the latest crypto listing news for newly tracked tokens.
People who bought at $0.105 now see the price near $0.031. That is a big loss. The price may only recover if more apps really use this tech and pay real fees.
FHE computers are still very slow, up to 1,000 times slower than normal. If this problem is not fixed, coders may not be able to use it for big real-world apps. That would hurt the whole token plan.
The burn-and-mint plan only works if lots of fees are paid. Right now, very few apps use FHE, so barely any tokens are burned. This means more new tokens are made than destroyed, which can push the price down.
We do not know exactly when the team and investors can sell their tokens. If they sell a lot at once, the price could drop suddenly, and normal buyers would have no warning.
Other privacy tools, like zero-knowledge proofs, are also popular. If most coders pick those instead of FHE, this project may not grow as much, even with its strong science team.
All new token sales have shared risks too. A good team does not promise a good price. Rules can change. Exchanges can remove tokens. Never put in more money than you can afford to lose.
This project has some of the smartest encryption experts in the world. Pascal Paillier, Nigel Smart, and Marc Joye are real experts, not just names for marketing. The $73 million from Multicoin Capital and Protocol Labs came after careful checking. Real coders use these free tools, like in the Fhenix project. These are strong points that many other token projects do not have.
But even with all this, the price dropped about 70% since the sale. The burn-and-mint plan sounds good, but it only works if many people use FHE apps, and that has not happened yet. The sale itself was tiny, only $10,018.89, since the team already had plenty of money. This shows the sale was more symbolic than a real fundraiser.
This token may fit people who believe strongly in FHE technology and can wait a long time to see if it grows. You should also be ready to lose all the money you put in. If you want fast or safe returns, this is probably not the right choice for you. The biggest sign that it could grow is if many real apps start paying fees and burning tokens. Always do your own research and talk to a money expert before buying. For price forecasts and outlooks, you can also review the ZAMA price prediction coverage.
Disclaimer: This article is for informational purposes only and should not be treated as investment, financial, or trading advice. Cryptocurrency prices are highly volatile, and past performance is not a guarantee of future results. Do your own research (DYOR) and consult a licensed financial advisor before making any investment decisions. The publisher holds no responsibility for any losses incurred as a result of using this information.