ZKFair
Crypto Overview
Overview
ZKFair is a Layer 2 scaling solution built on Ethereum that launched in December 2023. It utilizes ZK-rollup technology for faster and cheaper transactions while maintaining Ethereum's security. The project aims to provide fair and accessible decentralized finance (DeFi) infrastructure.
Purpose and Utility
The primary purpose of ZKF token is governance and ecosystem incentivization within the ZKFair network. Token holders can participate in protocol governance decisions and receive rewards for contributing to the network's security and growth.
Business Model
ZKFair operates as a technological infrastructure layer, focusing on providing efficient transaction processing and DeFi capabilities. The platform itself doesn't engage in lending or interest-bearing activities. Revenue is generated through transaction fees which are distributed to network participants.
Token Distribution
The token distribution model includes: 60% for the community (airdrops and farming), 20% for ecosystem growth, 10% for team (with vesting), and 10% for development fund. This structure shows a focus on community ownership rather than founder enrichment.
Development Activity
The project maintains active development, with regular updates to its protocol and infrastructure. The team has been transparent about development progress and technical implementations.
Crypto Impact
To assign a comfort level investing in ZKFair 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 ZKFair.
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.