Zedxion
Crypto Overview
Overview
Zedxion (USDZ) is a cryptocurrency that presents itself as a stablecoin pegged to the US Dollar. The project claims to provide a decentralized payment solution and stablecoin infrastructure.
Purpose and Utility
The stated purpose of USDZ is to serve as a stablecoin for facilitating transactions and providing stability in the cryptocurrency ecosystem. However, there is limited verifiable information about the actual implementation of their stablecoin mechanism and the backing of their tokens.
Business Model and Operations
The project appears to operate as a stablecoin protocol, but there is concerning opacity regarding their business operations, backing mechanisms, and actual use cases. The available information about their operational model and reserve backing is insufficient to make a comprehensive assessment.
Development and Adoption
There is minimal verifiable information about the development team, technical implementation, or substantial adoption metrics. The project's ecosystem appears to have limited transparency regarding its development progress and real-world implementation.
Token Distribution and Governance
Information about token distribution, vesting schedules, and governance mechanisms is not readily available or verifiable. This lack of transparency about fundamental aspects of the project raises concerns.
Crypto Impact
To assign a comfort level investing in Zedxion 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 Zedxion.
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.