Zeitgeist
Crypto Overview
Purpose and Utility
Zeitgeist is a protocol for prediction markets and futarchy built on the Polkadot network. The ZTG token is used for governance, staking, and interaction with prediction markets on the platform.
Business Model Analysis
The core functionality of Zeitgeist revolves around prediction markets, which in their current implementation function essentially as betting mechanisms. Users can create or participate in markets by wagering ZTG tokens on various outcomes. While the platform aims to provide data for decision-making, its primary use case involves gambling-like activities.
Real-World Adoption
The project is operational on Polkadot with active prediction markets, though usage remains limited. Development activity is ongoing with regular updates to the protocol.
Token Distribution
The token distribution includes allocations for the team, early investors, and community initiatives. There are vesting schedules in place for team and investor tokens to prevent immediate selling.
Technology Assessment
The underlying technology is well-developed from a technical perspective, with a functional prediction market protocol. However, the core use case of prediction markets essentially involves betting on outcomes, which raises significant concerns from an Islamic finance perspective.
Crypto Impact
To assign a comfort level investing in Zeitgeist 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 Zeitgeist.
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.