Zephyr Protocol

Halal Rating :
Comfortable
Last Price $0.56 Last updated:
Rank 4057
1D Change 3.42 %
Market Cap -
Circulating supply 0
Maximum supply None

Crypto Overview

Categories
  • DeFi

Overview

Zephyr Protocol is a privacy-focused cryptocurrency project that aims to provide anonymous transactions while maintaining regulatory compliance. The protocol implements a system of selective privacy where users can choose when to make their transactions private.

Purpose and Utility

The primary purpose of ZEPH is to serve as a medium of exchange with optional privacy features. The protocol allows for both transparent and private transactions, with users having control over their privacy settings. The project emphasizes regulatory compliance while still maintaining privacy options.

Business Model and Development

The project is open-source and focuses on developing privacy technology that complies with regulations. The development team appears active, with regular updates to the protocol. The project maintains a transparent approach to development, with code available for public review.

Real-World Adoption

Current adoption appears limited, with the main use case being privacy-focused transactions. The project has implemented KYC/AML procedures for certain transaction types, distinguishing it from other privacy coins.

Token Distribution

The token distribution appears relatively fair, with no excessive allocation to founders or early investors. There is no evidence of questionable vesting schedules or concerning token distribution patterns.

Revenue Model

The protocol generates revenue through transaction fees, which are used to maintain the network and fund development. This model does not involve interest-bearing mechanisms or lending.

Rating Justification

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