Executive Summary
⚠️ IMPORTANT DISCLAIMER: This project and token offering are NOT available to citizens or residents of the United States of America or the People's Republic of China. By participating in this project, you confirm that you are not a citizen or resident of these jurisdictions.
AFHE (Aura Fully Homomorphic Encryption) enables computation on encrypted data without ever decrypting it. Unlike existing solutions that take seconds to minutes per operation, AFHE achieves verification in approximately 0.1 seconds — a 100x improvement that makes practical privacy infrastructure possible for the first time.
In June 2025, Zama raised $57M at a $1B+ valuation, validating institutional demand for FHE infrastructure. AFHE enters at $80M cap with 100x faster technology — the opportunity early Zama investors had, but with better architecture.
The Privacy Problem
Current blockchain systems face a fundamental contradiction: transparency enables trust (anyone can verify transactions), but transparency destroys privacy (everyone can see everything). This problem blocks $100T+ in institutional capital from moving on-chain. No hedge fund will broadcast their trading strategy. No corporation will expose their payroll.
Why Now?
In June 2025, Zama raised $57M at a $1B+ valuation, becoming the first FHE unicorn. Their investor roster includes Multicoin Capital, Protocol Labs, Pantera Capital, and founders from Solana, Ethereum, and Filecoin. This validates institutional demand for confidential compute infrastructure.
However, Zama's own documentation acknowledges: "Running AI models or smart contracts under FHE can take seconds or minutes instead of milliseconds." AFHE achieves ~0.1 second verification — a 100x improvement that makes practical privacy infrastructure possible.
The Investment Thesis
Three forces make privacy infrastructure inevitable:
Regulatory Convergence — Privacy laws + compliance requirements = encrypted computation
Institutional Demand — $100T cannot operate on transparent ledgers
Quantum Threat — Post-quantum security required for long-term data protection
Zama at $1B validated FHE is the future. AFHE at $80M is the opportunity early Zama investors had — but with better technology.
Key Differentiators
AFHE delivers breakthrough advantages across every critical dimension:
Speed: ~0.1 second verification vs seconds-to-minutes (100x faster)
Integration: Wallet-level (no chain migration) vs chain-level overhaul
Hardware: Consumer-grade devices vs enterprise GPU/ASIC requirements
Quantum Security: MQ-hardness (proven NP-hard) vs LWE (believed hard)
Trust Model: True end-to-end encryption vs threshold network dependencies
Valuation: $80M cap vs $1B+ (12.5x upside potential)
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