Panther Protocol
Crypto Overview
Overview
Panther Protocol is a privacy-focused protocol built on multiple blockchains that aims to provide DeFi users with private transactions and digital asset management while maintaining regulatory compliance. The protocol utilizes zero-knowledge proofs and other privacy-preserving techniques.
Purpose and Utility
The ZKP token serves as the protocol's native utility token used for governance, staking, and paying for privacy services within the ecosystem. Users can stake ZKP tokens to become zAsset providers or to participate in protocol governance.
Business Model and Current Usage
The protocol generates revenue through fees charged for privacy-enhancing services, including the creation of zAssets (private versions of other crypto assets). The business model appears transparent and focused on providing legitimate privacy services rather than speculative trading.
Development Activity and Adoption
While development continues, current adoption remains limited. The project maintains active development on GitHub and regular updates to their technology. The team has established partnerships with several blockchain projects, though real-world usage is still in early stages.
Token Distribution and Governance
The token distribution includes vesting periods for team members and early investors, showing commitment to long-term development. The project maintains transparency regarding token allocation and usage.
Crypto Impact
To assign a comfort level investing in Panther Protocol 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 Panther Protocol.
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.