I am very excited to announce that @zama has acquired @TokenOps_xyz, a full-stack solution for token distribution and vesting that has been used to distribute over $2b so far. Here is why we made the deal and what it means for the Zama Protocol.
# The problem TokenOps is solving
When a company or foundation launches a token, they typically distribute a large portion to their team, early investors and treasury. The issue with doing this on public chains is that every allocation and wallet is visible to everyone. This is a lose-lose situation for everyone involved:
- long-term holders who believe in the project get penalized by bots who front-run token unlocks and push the price down
- team members become targets for hackers and criminals who use tools like Arkham to check how much they hold in their wallets. France alone had 60 kidnappings of crypto founders, employees and family members since the start of the year!
- early investors get flagged on social media and front-run by bots the instant they move tokens to exchanges, leading them to lose a lot of upside. And if investors don't make good returns, they'll imply stop investing and you won't anyone funding new projects in the future.
- treasuries and foundations cannot effectively manage their assets, and often have to split holdings across hundreds of wallets, creating massive operational overhead
TokenOps solves exactly this. By using the Zama Protocol, they enable token issuers to distribute, vest and manage allocations privately, while remaining fully onchain and self-custodial. Each team member and investor can have a single wallet receiving an encrypted amount of tokens. From the outside, you only see that the wallet received tokens and what the vesting terms are, but you no longer know the amount itself.
Beyond confidential distribution and vesting, we are also working on enabling confidential swaps directly within TokenOps, so that anyone receiving an allocation can buy and sell tokens seamlessly without anyone knowing the size or direction. This turns vesting from a static product into an active venue for OTC, treasury management and hedging on compliant rails.
And just like we used our own technology to run our token sale, we will of course use it to distribute allocations to our team and investors. In the coming months, we will shield the entire supply earmarked for team and investors, and distribute it through TokenOps' confidential onchain vesting contracts.
# How this benefits the Zama Protocol
1. it's a great use case of the technology, and it solves a real problem in the market that no transparent solution can address.
2. it creates extremely sticky TVS (Total Value Shielded) for the protocol. Whenever someone gets a vested allocation, they become a user of the Zama Protocol for the duration of their lockup, which is typically 2-4 years. That gives us 2-4 years to build utility for them so they never have to unshield their tokens and leave Zama.
3. it generates real revenue for the Zama Protocol. Every distribution, every claim, every confidential swap generates onchain fees, and all of these fees accrue directly to the protocol and are used to buy back and burn $ZAMA.
Over the next few months, we will turn TokenOps from a SaaS product into a fully onchain platform, owned entirely by the Zama Protocol. Anyone will be able to permissionlessly build on top of it and add confidential distribution and vesting features to their own apps.
If you plan to issue a token, take it for a spin at https://t.co/7MoSFYkRFS!
JUST IN ๐งต
1/TokenOps is joining @zama, to roll out confidential and fully compliant token distributions, airdrops and vesting across public blockchains.
Public blockchains just became viable for institutional capital.
News: Request Finance is cooperating with @TokenOps_xyz to make the experience smooth for users of both software ๐
The most Web3-friendly businesses and VCs receive and distribute tokens via token vestings.
Billions have been distributed in vestings, and it is only the beginning ๐
The administrators of such operations need proper software, and TokenOps, together with Request Finance, is a great option for other payment capabilities.
Today, we announce that we will make the experience smooth for users of both software.
TokenOps, known for its innovative approach to token distribution, has recently launched an airdrop distribution module and real-time tracking features, providing unprecedented transparency and control over digital asset management.
With a fast-growing client base and managing token distributions of clients with market caps above hundreds of millions, TokenOps is committed to enhancing efficiency and reliability in the blockchain industry.
Request Finance, which has expanded its Accounts Payable and crypto-to-fiat payment capabilities to 170+ countries, now serves over 2,000 clients and has handled over $700 million in financial transactions. Its comprehensive suite of financial tools is designed to meet the diverse needs of the Web3 community
The partnership between TokenOps and Request Finance combines two industry software to provide an integrated solution that streamlines financial operations and improves data accuracy for blockchain businesses.
Learn more: https://t.co/PyrfPn9O4S
๐CONTENT SERIES ALERT!
๐ Launching Tomorrow: "Everything TokenOps"! ๐ Dive into our new series where we unravel the essentials of token vesting and management. Perfect for both beginners and seasoned OGs. Check out our first article tomorrow to elevate your game!
Itโs a wrap Lisbon ๐๐ต๐น
One week spent with the whole https://t.co/r0GzoDzjJ9 team coming from 6 different countries to meet face-to-face.
Free flow of new product & strategy ideas, meetings & gathering feedback from our customers andโฆ