CoinZoom
Crypto Overview
Overview
CoinZoom is a U.S.-regulated cryptocurrency exchange platform that also offers its native utility token ZOOM. The token is designed to provide utility within the CoinZoom ecosystem, offering trading fee discounts and rewards for platform users.
Purpose and Utility
The ZOOM token serves several functions within the CoinZoom exchange ecosystem: reducing trading fees, earning rewards on staked tokens, and providing additional benefits to platform users. The token's utility is primarily focused on enhancing user experience on the CoinZoom platform.
Business Model Analysis
The business model appears transparent and straightforward - a regulated cryptocurrency exchange offering traditional trading services with its utility token providing additional benefits to users. The platform operates under U.S. regulations and maintains necessary licenses.
Real-World Adoption
While CoinZoom operates as a legitimate exchange, the ZOOM token's adoption appears limited primarily to the platform's user base. The token's utility is confined to the CoinZoom ecosystem.
Token Distribution and Governance
Information about token distribution and vesting schedules is publicly available through the platform's documentation. The token allocation appears reasonably distributed between platform operations, user rewards, and team holdings.
Crypto Impact
To assign a comfort level investing in CoinZoom 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 CoinZoom.
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.