The Zamzam network allows anybody around the world to support any person/project by sending funds directly to the service/product provider such as a hospital, contractor, or solar panel provider. Furthermore, it has evolved into an online institute to revive the lost Islamic arts such as caligraphy and painting that can be converted to NFT's on its local NFT marketplace. Finally, they are also working on a service to support local artists and musicians in collaboration with an international institution that hopes to support mainly Arab women in Saudi Arabia to bring about a shift in perception and culture in the Middle East. It is the first project of its kind to have a sharia board, which means that everything will be approved by its in-house sharia board. That is always preferred in the Arab/ Islamic world, as most banks are sifting towards including 5-10% of their portfolio in digital assets today.
$ZAMZAM token is the backbone of the ZAMZAM ecosystem. The project team has designed incentive schemes to increase network effects and demand for $ZAMZAM, and to decrease its circulating supply.
