Zap
Crypto Overview
Purpose and Utility
Zap Protocol was designed as a platform for creating and monetizing data feeds and oracles on the blockchain. It aims to enable users to create, publish, and subscribe to data feeds that can be used by smart contracts and decentralized applications.
Business Model
The protocol allows data providers to monetize their data streams while users can purchase access to these feeds using ZAP tokens. The business model appears transparent and focuses on legitimate data services without involvement in impermissible activities.
Real-World Adoption
Current adoption remains limited, with most activity centered around development and infrastructure building. While the project maintains active development, real-world usage of the oracle system is still in early stages.
Platform Development
The project maintains an active GitHub repository and continues to develop its core infrastructure. The development team regularly pushes updates and improvements to the protocol.
Token Distribution
The token distribution appears relatively balanced between team, early investors, and public allocation. There are vesting schedules in place for team tokens, showing commitment to long-term development.
Technology Assessment
The core technology focuses on data oracle services and does not involve interest-bearing mechanisms or forbidden activities. The protocol's primary function of facilitating data exchange aligns with Islamic principles.
Crypto Impact
To assign a comfort level investing in Zap 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 Zap.
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.