Zenlink
Crypto Overview
Purpose and Utility
Zenlink is a cross-chain DEX protocol built on Polkadot that aims to enable cross-chain asset exchange and liquidity provision across multiple parachains. The ZLK token serves as the protocol's governance token and provides utility through staking and participation in the platform's decision-making processes.
Business Model Analysis
The protocol's business model centers around facilitating decentralized exchange services and cross-chain interoperability. The platform generates revenue through trading fees, which are distributed to liquidity providers and token stakers. This model aligns with Islamic principles as it involves actual exchange of assets and value creation through providing a service.
Development and Adoption
Zenlink has demonstrated ongoing development activity, with regular updates to their protocol and integration with various Polkadot parachains. The project has established partnerships with several blockchain projects within the Polkadot ecosystem.
Token Distribution and Governance
The ZLK token distribution includes allocations for the team, early investors, and community incentives. Team tokens are subject to vesting periods, which helps align long-term interests. The governance mechanism allows token holders to participate in protocol decisions through a transparent voting system.
Crypto Impact
To assign a comfort level investing in Zenlink 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 Zenlink.
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.