ZONE
Crypto Overview
Overview
ZONE is the native token of Zone, a multi-chain protocol that aims to enable cross-chain interoperability and communication between different blockchain networks. The project focuses on providing infrastructure for cross-chain transfers and messaging.
Purpose and Utility
The primary purpose of ZONE is to serve as the utility and governance token for the Zone protocol. It is used for: paying transaction fees on the network, participating in protocol governance decisions, and securing the network through staking.
Business Model Analysis
Zone's business model centers on facilitating cross-chain operations in a decentralized manner. The protocol generates revenue through transaction fees paid in ZONE tokens. This model appears to be halal as it provides genuine utility through technological infrastructure and doesn't involve interest-based mechanisms.
Development and Adoption
The project shows active development with regular GitHub commits and protocol updates. While adoption is still in early stages, several blockchain projects have integrated with Zone for cross-chain functionality.
Token Distribution
The token distribution includes allocations for team members, development fund, and community incentives. Team tokens are subject to vesting periods, indicating commitment to long-term development.
Technology Assessment
The core technology focuses on cross-chain message passing and asset transfers. The protocol does not involve interest-bearing mechanisms or gambling features. All transactions represent actual value transfer between parties.
Crypto Impact
To assign a comfort level investing in ZONE 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 ZONE.
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.