What is Anoma (XAN)

I. Project Introduction

1. What Is Anoma?

Anoma is an intent-driven privacy protection protocol designed for decentralized counterparty discovery, intent solving, and multichain atomic settlement. Its core mission is to provide users with efficient, composable, cross-chain privacy transactions, with the intent layer matching and settling transactions automatically between counterparties. Its two core highlights are: 1) Intent-driven architecture: Users only need to express their intent without worrying about the exact operations and the network handles the rest.  2) Privacy protection & cross-chain operation: Anoma focuses on privacy protection and cross-chain interoperability. As a key component of the network, the XAN token enables these core functionalities.

2. How Does Anoma Work?

At the heart of Anoma’s intent transaction system lies the “Solver”. Solvers are the nodes in the peer-to-peer intent network that discover matches and combine user intents into atomic transactions. Users no longer need to switch among multiple wallets, bridges or approval steps and cross-chain operations can be done in a single flow. Anoma is not a standalone blockchain but a modular protocol that can be deployed on L1s, L1.5s, L2s, and even non-EVM chains (e.g. Cosmos, Solana and  EigenLayer AVS). Its technical features focus on interpreting user intents, finding optimal counterparties, and embedding zero-knowledge proofs into the information dissemination process to ensure privacy.

3. Who Founded Anoma?

- Awa Sun Yin (Co-founder): Previously co-founder of Cryptium Labs, former data scientist and engineer at Chainalysis, Cosmos researcher, and technical grant manager at the Ethereum community.

- Adrian Brink (Co-founder): Co-founder of Cryptium Labs and Anoma Network, developer at Web3 Foundation, and core developer at Cosmos & Tendermint.

- Christopher Goes (Co-founder): Former Tendermint contributor and co-founder of Cryptium Labs.

Funding:

Private round: $6.75 million was raised on April 27, 2021 with participation from Polychain*, Coinbase Ventures, Electric Capital, FBG Capital, CMS Holdings, Lemniscap, Cygni Capital, and Walden Bridge Capital.

Second round: $26 million was raised on November 17, 2021 with participation from Polychain*, Electric Capital, Maven11, CMCC Global, and Blockchain Coinvestors.

Third round: $25 million was raised on May 31, 2023 with participation from CMCC Global*, Electric Capital, Delphi Digital, MH Ventures, Bixin Ventures, Spartan Group, No Limit Holdings, NGC Ventures, Dialectic, KR1, Wagmi Ventures, Anagram, Gnosis VC, Perridon Ventures, Plassa Capital and Suji Yan, among others.

4. Anoma Tokenomics

The total supply is 10 billion XAN tokens used for paying trading fees, governance voting, incentives for privacy protection and ecosystem building. Specifically, 25% is allocated to community incentives/marketing/liquidity, 19% to R&D and ecosystem building, 10% to Anoma foundation, 31% to investors and 15% to core developers. Except for the community-allocated portion, the remaining tokens are locked for 12 months and then vest linearly over 36 months.

5. Token Utility

Governance: Holders of XAN can participate in governance of the Anoma network.

Transaction fees: The token is used to pay in-network transaction fees including execution fees and fees proportional to the trade value.

Incentives: It is used to incentivize participants to perform specific roles and tasks, and to reward stakers on the Namada privacy chain.

Staking: As part of the network’s security, it provides staking rewards for validators.​

II. Token Information

III. Related Links