Zus
Crypto Overview
Overview
Zus (formerly known as 0Chain) is a decentralized storage platform that aims to provide fast and secure cloud storage solutions. The platform uses the ZCN token as its native cryptocurrency for network operations and governance.
Intended Utility
The primary purpose of ZCN is to facilitate transactions within the Zus storage network. Token holders can use ZCN to pay for storage services, operate storage nodes (called blobbers), and participate in network governance. The token is essential for the network's economic model, where storage providers are rewarded with ZCN for their services.
Actual Utility and Implementation
The platform is actively being used for its intended purpose, with a functioning storage network and active development. The project has launched its mainnet and has developed several key components including:
- Storage SDK for developers
- Decentralized storage infrastructure
- Node operation system
- Enterprise-grade storage solutions
Token Distribution and Governance
The token distribution appears to be relatively well-structured with vesting periods for team allocations. The project maintains transparency in its development progress and token economics through regular updates and documentation.
Technology and Revenue Model
The revenue model is based on storage services and network operation, which aligns with Islamic principles as it involves the exchange of real utility and services. The storage providers earn tokens for providing actual services, and users pay for tangible storage solutions.
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.