3DPass

Halal Rating :
Comfortable
Last Price $0.0048 Last updated:
Rank 1774
1D Change -12.52 %
Market Cap $2.23m
Circulating supply 469,239,698
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • Masternodes
  • Smart Contracts
  • Real World Assets
  • Layer 1

Overview

3DPass is a blockchain platform focused on physical object authentication and digital asset creation through 3D scanning technology. The platform uses unique object recognition algorithms to create digital signatures of physical items, which can then be registered on the blockchain.

Purpose and Utility

The primary stated purpose of P3D token is to serve as the native currency for the 3DPass ecosystem, enabling users to register 3D-scanned objects, create digital assets, and participate in the network's validation process. The platform aims to bridge the gap between physical and digital assets through its proprietary scanning and verification technology.

Business Model Assessment

The business model appears to be focused on legitimate technological utility: authenticating physical objects, creating verifiable digital twins, and maintaining a decentralized network for object verification. These core functions do not involve any prohibited activities under Islamic law.

Development and Adoption

The project shows ongoing development activity with regular updates to its core technology. While adoption remains limited, the platform continues to expand its capabilities and use cases. The development team maintains transparency about their progress through regular updates and documentation.

Token Distribution and Governance

The token distribution appears to be reasonably balanced, with no concerning concentration in the hands of founders or early investors. The project operates on a Proof-of-Work consensus mechanism, which is permissible from an Islamic finance perspective as it involves actual work and value creation.

Crypto Impact

To assign a comfort level investing in 3DPass 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 3DPass.

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