Anoma is an infrastructure layer that simplifies user interactions, allowing them to achieve desired outcomes without managing complicated steps. Users simply specify their needs, and the system routes orders. Connected to multiple blockchains, assets and apps can operate seamlessly.

Project Function

Intent-Centric Architecture: Anoma introduces an intent-based model for dApps. Instead of manually creating transactions, users declare intents (desired outcomes) and Anoma’s Intent Machine translates those goals into actions across chains. This paradigm shift abstracts away blockchain complexity, enabling more natural, goal-driven user experiences.

Unified Multi-Chain Ecosystem: The protocol acts as a distributed OS that unifies multiple blockchains into one application layer. Developers can build a single app that runs on any chain, and users enjoy cross-chain functionality seamlessly. Intents are matched and executed atomically across networks – no need for manual bridges or multiple wallets – which greatly enhances interoperability and UX.

Decentralized Solver Network: Anoma employs a network of solver nodes that discover and match counterparties for user intents. These solvers form valid, atomic transactions fulfilling users’ intents by coordinating across chains. This innovation automates complex multi-party or cross-chain trades, letting users get what they want without orchestrating multiple steps themselves.

Privacy and Data Control: Privacy is built-in via advanced zero-knowledge proofs and a unified shielded pool. By default, transaction details (amounts, addresses, even logic) can be kept confidential while still executing across different chains. Anoma introduces “programmable data sovereignty,” giving users and developers fine-grained control over what data is revealed at each stage of an intent’s execution.

Token Utility 

Network Fees: XAN is the native utility token used to pay for transactions and execution fees on the Anoma network It acts as the currency for using Anoma’s services and intent-coordination layer.

Staking & Security: Anoma uses a proof-of-stake model – token holders can stake XAN to become validators (or support intent-solving infrastructure), which secures the network and in turn yields staking rewards. This staking mechanism aligns incentives and helps maintain network integrity.

Governance: XAN empowers community governance of the protocol. Holders can use the token to vote on network upgrades, configuration changes, and other proposals, ensuring that the development and rules of Anoma are guided by its stakeholders.

About The Founders

Christopher Goes: Co-founder of Anoma. Previously a core developer at Tendermint (Cosmos) and lead designer of Cosmos’s IBC interoperability protocol. He was also a primary developer of the Wyvern smart contract (used by NFT marketplace OpenSea) and co-founded Cryptium Labs (a pioneering PoS validator) as well as Metastate (a blockchain R&D firm).

Awa Sun Yin: Co-founder of Anoma. She was the first female data scientist and software engineer at Chainalysis, where she gained deep insights into on-chain data and privacy. Awa later worked as a researcher at Tendermint (Cosmos) and helped with the Ethereum Community Fund. Along with her co-founders, she also launched Cryptium Labs and Metastate prior to Anoma.

Adrian Brink: Co-founder of Anoma. He was an early core developer (the third) at Tendermint/Cosmos and eventually Head of Partnerships there. Adrian went on to serve as a technologist at the Web3 Foundation (contributing to Polkadot’s ecosystem). Before starting Anoma, he co-founded Cryptium Labs (one of the first PoS validator companies, later acquired) and the protocol R&D outfit Metastate.

Risks of XAN

Like an investment in other crypto assets, there are some general risks to investing in XAN. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in XAN is subject to the following specific risks:

XAN operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks. 

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with XAN. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The XAN community and Anoma founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of XAN have no recourse to the XAN community, Anoma founding team, or Uphold if XAN declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing XAN on the Uphold Platform, Uphold performed due diligence on XAN and determined that XAN is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

The creation, governance, usage, and design of XAN, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 

The supply, demand, maturity, utility, and liquidity of XAN.

Any marketing materials put forward by the XAN social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.

Material technical risks associated with XAN, including any code defects, security breaches and other threats concerning XAN and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.

Legal and regulatory risks associated with XAN, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of XAN.