zkLink
Crypto Overview
Purpose and Utility
zkLink is a Layer-2 cross-chain trading protocol that enables decentralized trading across multiple blockchain networks using zero-knowledge proof technology. The ZKL token serves as the protocol's governance token and is used for fee payments within the ecosystem.
Business Model
The protocol facilitates legitimate cross-chain asset trading and exchange services. The business model is based on collecting trading fees and providing cross-chain infrastructure services, which aligns with halal principles as it involves actual exchange of assets and provides genuine utility.
Real-World Adoption
zkLink has established partnerships with multiple blockchain networks and is actively being used for cross-chain trading. The protocol supports trading across various networks including Ethereum, Polygon, and BNB Chain.
Development Activity
The project maintains active development, with regular updates to its protocol and infrastructure. The team consistently releases technical updates and improvements to the cross-chain trading mechanism.
Token Distribution
The token distribution includes allocations for ecosystem development, team members, and community incentives. Team tokens are subject to a vesting schedule to ensure long-term alignment with project goals.
Technology and Revenue Model
The core technology focuses on facilitating cross-chain trades using zero-knowledge proofs, which is permissible as it involves actual asset exchange and creates genuine utility. The revenue model is based on trading fees rather than interest-bearing mechanisms.
Crypto Impact
To assign a comfort level investing in zkLink 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 zkLink.
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.