Blocery
Crypto Overview
Overview
Blocery is a blockchain-based e-commerce platform focused on agricultural and food products. The platform aims to connect farmers directly with consumers, creating a more efficient supply chain for fresh produce and food items.
Purpose and Utility
BLY token serves as the native utility token of the Blocery ecosystem. It is used for: Payments within the platform for agricultural products, Rewards for platform participation, Governance rights for protocol decisions.
Business Model Analysis
The platform operates as a legitimate e-commerce marketplace, focusing on real-world utility in the agricultural sector. The business model involves direct trade of actual goods and services, which aligns with Islamic principles of fair trade and transparency.
Real-World Adoption
Blocery has established partnerships with various agricultural producers and has an active marketplace, particularly in South Korea. The platform shows regular transaction activity for actual produce and food products.
Platform Development
The project maintains active development, with regular updates to their platform and marketplace functionalities. The team consistently releases updates and improvements to the e-commerce system.
Token Distribution
Token distribution appears reasonable with allocations for development, marketing, and ecosystem growth. Vesting schedules are in place for team tokens.
Sharia Considerations
The core business model involves the direct trade of halal goods (agricultural products), The platform does not engage in interest-bearing activities or gambling, All transactions involve real asset exchange with clear utility.
Crypto Impact
To assign a comfort level investing in Blocery 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 Blocery.
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.