Zeniq
Crypto Overview
Overview
ZENIQ is a cryptocurrency project that claims to be building a blockchain ecosystem focused on digitizing assets and creating a decentralized financial infrastructure. The project appears to be based in Dubai and markets itself heavily in the MENA region.
Purpose and Utility
The stated purpose of ZENIQ is to serve as a utility token within their ecosystem, which includes a cryptocurrency exchange, an NFT marketplace, and a platform for asset tokenization. However, finding concrete evidence of these functionalities being actively used has proven difficult.
Business Model Analysis
The project's business model centers around their proprietary blockchain and exchange platform. While the basic concept of asset tokenization and exchange is halal, there are significant transparency concerns regarding the actual implementation and usage of the platform.
Development and Adoption
Public information about development activity is limited. The project's GitHub repositories, if they exist, are not readily accessible. This makes it challenging to verify the actual technological progress.
Token Distribution and Governance
Information about token distribution, vesting schedules, and governance mechanisms is not clearly documented in public sources. The project's whitepaper and technical documentation are also difficult to locate.
Marketing and Communication
The project appears to focus heavily on marketing through regional events and social media, particularly in German-speaking countries and the Middle East. However, technical updates and development progress reports are sparse.
Crypto Impact
To assign a comfort level investing in Zeniq 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 Zeniq.
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.