ZEON
Crypto Overview
Overview
ZEON is a cryptocurrency that operates on the Ethereum blockchain as an ERC-20 token. The project claims to be developing a blockchain-based platform for secure transactions and digital asset management.
Purpose and Utility
The stated purpose of ZEON is to serve as a utility token within their ecosystem for various operations including payment processing and digital asset management. However, current observable utility appears limited.
Business Model Analysis
The project's business model centers around providing blockchain-based solutions for digital transactions. The core activities do not inherently involve any haram elements like interest-based lending or gambling.
Development and Adoption
Current development activity appears minimal based on public repositories and community engagement. Market data shows the token is primarily used for trading on various cryptocurrency exchanges.
Token Distribution
Information about token distribution and vesting schedules is limited in transparency. However, this alone does not impact halal status as long as the token itself represents actual ownership and involves genuine transfer of assets.
Crypto Impact
To assign a comfort level investing in ZEON 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 ZEON.
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.