Winnerz
Crypto Overview
Overview
Winnerz (WNZ) is a newly launched cryptocurrency project that aims to revolutionize decentralized prediction markets through its blockchain platform. The project allows users to create and participate in prediction events related to sports, esports, and other real-world outcomes.
Purpose and Utility
The primary stated purpose of Winnerz is to serve as a utility token within its prediction market ecosystem. Users can use WNZ tokens to participate in prediction events, create markets, and earn rewards for accurate predictions.
Business Model Analysis
The core business model revolves around prediction markets, which fundamentally operate as zero-sum games where users bet on outcomes. Winners gain at the direct expense of losers, with no underlying asset exchange or value creation beyond the gambling activity itself.
Development and Adoption
The project is in its early stages with limited real-world adoption. While there is some development activity visible on their GitHub repository, the majority of current token usage appears to be centered around trading and prediction market participation.
Token Distribution
The token distribution shows that 30% of tokens are allocated to the team and advisors, with a 6-month vesting period. 40% is designated for the prediction market liquidity pool, and the remaining 30% was sold during the initial token sale.
Crypto Impact
To assign a comfort level investing in Winnerz 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 Winnerz.
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.