What is the utility of the ZAMA token?
Zama has 4 primary token utilities:
- Governance: Token holders participate in protocol parameter and governance decisions.
- Staking (DPoS): ZAMA is staked by operators and delegators in a delegated proof-of-stake system to secure the protocol.
- Medium of Payment: ZAMA is used to pay protocol-level fees for confidential execution, verification, decryption and bridging.
- Access / Feature Unlock: Heavy protocol users can stake ZAMA to unlock volume-based fee discounts of up to 99%.