Zus
Crypto Overview
Overview
Zus (formerly 0chain) is a decentralized storage and compute platform that aims to provide fast, secure, and scalable infrastructure services. The project utilizes a delegated proof-of-stake consensus mechanism and operates through a network of miners and sharders.
Intended Utility
The ZCN token serves multiple purposes within the Zus ecosystem: It is used to pay for storage and compute services, participate in network governance, and incentivize network validators. The platform aims to compete with traditional cloud service providers by offering decentralized alternatives.
Actual Utility Assessment
The platform shows genuine technological development with real-world applications in decentralized storage and computing. There is evidence of active development on GitHub, and the team regularly publishes technical updates. The project has established partnerships with several technology companies and maintains an active developer community.
Token Distribution and Governance
The token distribution appears relatively balanced, with vesting schedules in place for team members and early investors. The project maintains transparency regarding token allocation and usage. Development activity consistently outweighs marketing efforts, suggesting a focus on building legitimate technology rather than token promotion.
Revenue Model
The platform's revenue model is based on legitimate service provision, where users pay for actual storage and compute resources. This aligns with Islamic principles as it involves the exchange of real value and services.
Crypto Impact
To assign a comfort level investing in Zus from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Zus.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.