Zurcoin
Crypto Overview
Overview
Zurcoin (ZUR) was created in 2016 as a proof-of-work cryptocurrency based on the SHA256 algorithm, similar to Bitcoin. The project appears to have been largely inactive since 2019, with minimal development activity or community engagement since then.
Purpose and Utility
The stated purpose of Zurcoin was to serve as a decentralized digital currency for peer-to-peer transactions. However, there is very limited evidence of actual adoption or real-world usage.
Business Model
The business model was based on providing a medium of exchange through a proof-of-work blockchain. This model itself aligns with halal principles as it involves actual asset ownership and transfer.
Development and Adoption
The project shows virtually no recent development activity. The official website is no longer operational, and social media channels have been dormant since 2019. There is no evidence of significant merchant adoption or active usage of the network.
Token Distribution
Limited public information is available about the initial token distribution and current token holdings. The project appears to have had a fair launch through mining, similar to Bitcoin, rather than through an ICO or pre-mine.
Crypto Impact
To assign a comfort level investing in Zurcoin 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 Zurcoin.
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.