Zama is a token. It has no blockchain of its own and no consensus of its own — it rents both from the chains it is issued on, which is why it is listed separately from the cryptocurrencies.
| CoinSpectrum Grade | E · 34/100 · provisional |
|---|---|
| Type | Token |
| Class | Other |
| Backing | Non-backed |
| Market capitalisation | $192M |
| Price | $0.0750 |
| Circulating supply | 2,553,745,547 ZAMA |
| Issued on | 4 chains |
Market data rebuilt every six hours; this build 28 October 2026. Live prices on the ranking.
E — 34 out of 100, provisional (from 8 of 10 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 27 to 47 (E to D).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms | 4.9 | group average |
| Host chain | 7.9 | Issued on Ethereum (A, 79/100) |
| Asset class (below every coin family) | 1.8 | Tokens: below every native coin family on the consensus ladders, 0.9 of 10 by largest asset and 2.7 by combined market cap |
| Network security | 0 | No network of its own: secured by its host chain, scored above |
| Decentralisation | 0.8 | group average, 3 of 4 measured |
| Minting and supply (who can mint more) | 0 | ZamaERC20 has an uncapped mint() for MINTER_ROLE; the admin role is the Protocol DAO, an operator council with one vote per operator, not token holders. It mints ~5%/yr staking emissions, a rate governance can change.; no fixed maximum supply source |
| Premine (pre-issued at launch) | 0.3 | 97% of supply pre-issued at launch. 11B ZAMA minted at the Feb 2026 genesis to allocation receivers out of ~11.33B now; the remaining ~3% is staking emissions minted since. source |
| Fundraising | 2 | Sold to the public or to investors: 80% of supply was the insiders' to sell, 42% sold. VCs 20% and angels 10% of supply. Company rounds: Series A ~$73M (2024, reported led by Multicoin and Protocol Labs) and Series B $57M (June 2025, led by Blockchange and Pantera; >$150M total, >$1B valuation). Jan 2026 sealed-bid auction plus community sale: 12% sold, auction 880M ZAMA cleared at $0.05, >$118M raised. source |
| Holder concentration | — | Not yet measured |
| Supply & Demand | 7.5 | group average |
| Supply & Demand | 7.8 | average of 5 measures |
| Exchanges (10 or more: 10) | – | exchanges not yet counted |
| Daily volume ($10K 0, $1B or more 10) | 7.4 | $170,476,306 traded in 24 hours; #50 by volume on the exchanges the site reads (scored on the median day of the last 2, $51,372,381) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 9.6 | 5.9% of its market cap a day, median of the last 3 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 10 | $3,522,523 within 2% of the price on 9 exchanges, 1.8% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 5.7 | $192M, 5.7 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 6.4 | futures, options and margin positions 13% of its market cap |
| Supply (smaller is better) | 7.2 | no fixed maximum; 2.55 billion in circulation |
| Record (origin, claims, halts) | — | Not yet reviewed |
Ten criteria, weighted equally — for a token, the host chain replaces the developer share, the asset class stands in for the consensus ladders, and who can mint more for the Cryptocurrency Standards. Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
| Pre-issued at launch | 97% of supply |
|---|---|
| To team, investors and treasury | 80% of supply |
| Sold to the public or to investors | 42% of supply |
| Who can mint more | An issuer, foundation, multisig or admin key can mint more |
| Fundraising | Private or venture funding |
11B ZAMA minted at the Feb 2026 genesis to allocation receivers out of ~11.33B now; the remaining ~3% is staking emissions minted since.
VCs 20% and angels 10% of supply. Company rounds: Series A ~$73M (2024, reported led by Multicoin and Protocol Labs) and Series B $57M (June 2025, led by Blockchange and Pantera; >$150M total, >$1B valuation). Jan 2026 sealed-bid auction plus community sale: 12% sold, auction 880M ZAMA cleared at $0.05, >$118M raised.
ZamaERC20 has an uncapped mint() for MINTER_ROLE; the admin role is the Protocol DAO, an operator council with one vote per operator, not token holders. It mints ~5%/yr staking emissions, a rate governance can change.
The allocation table comes from tokenomics.com; Zama's litepaper was not reached. Excluding the 10% growth fund gives insiderPct 70. The Series A details were not confirmed in this pass. The 2% liquidity bucket is not counted as a public sale because DEX seeding is undocumented.
Sources: app.tokenomics.com · kucoin.com · docs.zama.org · raw.githubusercontent.com · hackernoon.com. Researched 2026-10-23, medium confidence.
It is issued on 4 chains, which means 4 separate issuances of the same claim. Linked names are chains that are themselves cryptocurrencies with a page here.
CoinSpectrum counts an asset once. A token has neither its own blockchain nor its own consensus mechanism, so it fails both of the site's two conditions — it is a thing issued on a chain, and the chain is what is counted. The methodology states the rule, and the argument for it is set out in full.
Listed, not hidden. The point is that it is measured as what it is.