Beyond Protocol
Crypto Overview
Purpose and Utility
Beyond Protocol is designed as a security and networking layer for Internet of Things (IoT) devices. The BP token serves as the native currency for device-to-device transactions within the Beyond Protocol ecosystem and is used for governance.
Business Model Analysis
The project aims to create a secure environment for IoT devices to communicate and conduct transactions. The business model appears transparent and focused on legitimate technological advancement in the IoT space. No evidence of impermissible activities has been found in the core protocol design.
Real-World Adoption
Current adoption appears to be in early stages. The project has announced partnerships with various technology companies and research institutions, though concrete implementation data is limited.
Development Activity
The project maintains active development, with regular updates to their GitHub repositories and technical documentation. The team continues to work on expanding the protocol's capabilities and security features.
Token Distribution and Vesting
Token distribution information indicates a structured vesting schedule for team members and early investors, with reasonable lockup periods. No concerning concentration of tokens has been identified.
Crypto Impact
To assign a comfort level investing in Beyond Protocol 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 Beyond Protocol.
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.