ZAP
Crypto Overview
Overview
ZeroAccess Protocol (ZAP) is a decentralized protocol designed to facilitate secure and private data sharing between parties. The ZAP token serves as the native utility token for accessing and operating within the protocol's ecosystem.
Purpose and Utility
The primary purpose of ZAP is to enable secure data access control and monetization. Token holders can use ZAP to pay for data access, validate transactions, and participate in network governance. The protocol aims to create a marketplace where data providers can securely share and monetize their information while maintaining privacy controls.
Business Model Assessment
The business model appears to be based on legitimate exchange of value through data access and validation services. The core functionality does not involve any inherently prohibited activities like interest-based lending or gambling.
Development and Adoption
The project shows ongoing development activity with regular GitHub updates. While adoption is still in early stages, there are several active partnerships with data providers and enterprises testing the protocol.
Token Distribution
According to available data, the token distribution includes: 30% for platform development, 25% for ecosystem growth, 20% for the team (with 2-year vesting), 15% for marketing and partnerships, and 10% for public sale. The vesting schedule for team tokens suggests commitment to long-term development.
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.