The Zynecoin team is developing a cryptocurrency (Zynecoin), a blockchain system (Wethio), and an incubation center (Zynecoin Academy). These solutions are focused primarily in Africa and aims to support economic development, drive technological innovation, and improve market standing throughout the continent. Zynecoin was created with the intention of supporting African startups and humanitarian initiatives. The Zynecoin token will also split mining commissions so that a portion of them will be used to contribute directly to African state treasury funds. The Zynecoin Academy is an incubator that provides direct support to startups. The Zynecoin team is developing its own dedicated blockchain system, Wethio aims to become the first blockchain built and housed in Africa. It aims to incentivize cooperation among crypto miners and allow anyone to participate in and profit from blockchain mining.
To assign a comfort level investing in Zynecoin 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 Zynecoin.
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.