Zambesigold
Crypto Overview
Overview
Zambesigold (ZGD) is a cryptocurrency project that claims to be backed by gold mining operations in Zimbabwe. The project states its purpose is to create a gold-backed cryptocurrency that provides transparency and traceability in the African gold mining sector.
Purpose Analysis
The stated purpose is to tokenize gold mining operations and provide a digital representation of gold assets. However, there are significant concerns about the verifiability of these claims.
Business Model Evaluation
The project's business model involves creating a bridge between physical gold mining and digital assets. While this concept itself could be halal, the lack of verifiable information about actual mining operations and gold reserves raises serious concerns.
Real-World Adoption and Usage
There is very limited verifiable information about actual adoption or usage of ZGD for its stated purposes. The project lacks transparent documentation about its mining operations or gold reserves.
Platform and Development Activity
Public blockchain analysis shows minimal development activity and limited transaction volume. There is insufficient evidence of a robust ecosystem or ongoing platform development.
Token Distribution and Founder Analysis
Information about token distribution and founder backgrounds is opaque. There is limited public information about vesting schedules or lock-up periods.
Crypto Impact
To assign a comfort level investing in Zambesigold 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 Zambesigold.
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.