governance ZIL
Crypto Overview
Overview
Governance ZIL (GZIL) is the governance token of the Zilliqa blockchain ecosystem. It was created to give holders voting rights on protocol changes and ecosystem development decisions.
Purpose and Utility
GZIL was distributed to ZIL stakers during the first year of Zilliqa staking as a reward mechanism. The token's primary utility is governance rights within the Zilliqa ecosystem, allowing holders to participate in decision-making processes.
Business Model Analysis
The token operates on a straightforward governance model where holders can propose and vote on changes to the protocol. This model is transparent and does not involve any inherently prohibited activities under Islamic law.
Real-World Adoption
While GZIL's adoption is limited, it continues to function as intended for governance purposes within the Zilliqa ecosystem. The token has been used in several governance votes, though participation rates vary.
Development Activity
The Zilliqa ecosystem maintains active development, with GZIL integrated into its governance framework. The token's utility remains consistent with its original purpose, though the governance mechanism has evolved over time.
Token Distribution
GZIL has a maximum supply of 722,700 tokens. The distribution was conducted through staking rewards, providing a fair distribution mechanism to ecosystem participants.
Crypto Impact
To assign a comfort level investing in governance ZIL 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 governance ZIL.
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.