Unizen is a Smart Exchange Ecosystem that enables deep hybrid liquidity through a modular ecosystem that features both centralized and decentralized exchange components. Unizen's innovations are anchored by a commitment to high compliance, deep hybrid liquidity, high security, and a user-friendly, unified user interface for all available digital assets that are familiar and efficient for seasoned traders and intuitive to newcomers. One of the Unizen's features is Dynamic Multi-Asset Staking and Dynamic Yield Staking Account. It gives a percentage of node rewards from the staking pool distributed to ZCX stakers. The distribution reward from multi-asset are an unknown asset and leads to unknown or gharar sources of reward. Unizen also provides exchange facilities from Binance, Uniswap, and Pancake Swap. This collaboration leads to Unizen gain benefits from non-Shariah activity. We classified Unizen as Non-Shariah compliant.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a clear litepaper and genuine project; centralized exchanges (CEX), and decentralized exchanges (DEX). | Passed |
| Project | Unizen Smart Exchange Ecosystem is the main project in this ecosystem. It provides the most cost-efficient trades across new and constantly improving third-party CeDeFi innovations. Unizen also provides exchange facilities from Binance, Uniswap and PancakeSwap. This collaboration lead to Unizen gain benefit from non-Shariah activity. | Failed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | ZCX is an exchange-based utility token. A portion of the listing fees collected will be distributed into the following allocations to the insurance fund and for staking rewards. Unizen does not elaborate the details of insurance fund concepts, and unknown staking pool allocation. These features lead to unknown (gharar) tokens used for these features. | Grey |
| Staking Method | ZCX will also allow stakers to gain access to early seed and pre-sale rounds for hot up and coming projects in the space. The allocation will be determined by a fixed ratio based on a wallet's set allocation of the TVL of ZCX staked. | Passed |
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