Agrello
Crypto Overview
Overview
Agrello (DLT) was launched in 2017 as a blockchain-based platform designed to enable users to create and manage smart legal agreements. The project aimed to provide a user-friendly interface for creating legally binding smart contracts without requiring coding knowledge.
Purpose and Utility
The intended purpose of Agrello was to serve as a utility token within their ecosystem for accessing contract creation services and paying for legal agreement templates. The DLT token was meant to be used for platform governance and accessing premium features.
Current Status
As of 2023, there appears to be minimal development activity on the project. The official website is no longer active, and there has been little to no communication from the team in recent years. The token continues to exist on exchanges but shows very low trading volume and limited real-world adoption of its intended use cases.
Business Model Assessment
The original business model focused on legitimate utility around smart legal agreements, which aligns with halal principles as it involves the exchange of real services and value. The model did not inherently involve any prohibited activities like gambling or interest-based lending.
Development and Platform Activity
There is currently no visible ongoing development or platform activity. The project appears to be largely inactive, though the token continues to exist on some exchanges.
Crypto Impact
To assign a comfort level investing in Agrello 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 Agrello.
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.