ZigZag
Crypto Overview
Overview
ZigZag is a decentralized exchange protocol built on zkSync and StarkNet Layer 2 scaling solutions. The protocol aims to provide fast, low-cost trading with deep liquidity while maintaining the security benefits of decentralization.
Intended Purpose
ZigZag's primary utility is as a decentralized exchange token that powers trading operations and governance on the ZigZag protocol. Token holders can participate in governance decisions and receive fee-sharing benefits from trading activity on the platform.
Business Model
The protocol generates revenue through trading fees on the exchange. The business model is straightforward and transparent, focusing on facilitating asset exchange without any interest-bearing mechanisms or impermissible activities.
Real-World Adoption
ZigZag has achieved notable adoption within the Layer 2 ecosystem, with significant daily trading volumes and active users. The platform has established partnerships with major Layer 2 protocols and continues to expand its offerings.
Development Activity
The project maintains active development with regular updates to the protocol. The team consistently releases new features and improvements, showing commitment to the platform's long-term growth.
Token Distribution
The token distribution includes allocations for the team, ecosystem growth, and community. Team tokens are subject to vesting periods, which helps align long-term incentives.
Crypto Impact
To assign a comfort level investing in ZigZag 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 ZigZag.
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.