BLOCKS
Crypto Overview
Overview
BLOCKS is a cryptocurrency that serves as the native token for the BLOCKS ecosystem, a platform designed to facilitate decentralized cloud computing and blockchain-based infrastructure services.
Purpose and Utility
The primary purpose of BLOCKS is to serve as a utility token within the BLOCKS ecosystem, enabling users to pay for and access decentralized cloud computing services. Token holders can use BLOCKS to purchase computing resources, participate in platform governance, and access various network services.
Business Model Analysis
The business model revolves around providing decentralized cloud computing infrastructure, which is a legitimate and halal business activity. The platform does not involve any prohibited activities such as interest-based lending, gambling, or adult content.
Development and Adoption
The project demonstrates ongoing development activity with regular GitHub commits and platform updates. While adoption is still in early stages, there is evidence of actual usage for cloud computing services.
Token Distribution
The token distribution appears reasonably balanced, with defined allocations for development, ecosystem growth, and community initiatives. Founder and team tokens have vesting schedules in place to align long-term incentives.
Crypto Impact
To assign a comfort level investing in BLOCKS 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 BLOCKS.
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.