Blocksquare Token
Crypto Overview
Purpose and Utility
Blocksquare Token (BST) is the utility token of the Blocksquare protocol, which aims to tokenize real estate assets on the blockchain. The token is designed to serve as a governance mechanism and facilitate real estate tokenization services within the Blocksquare ecosystem.
Business Model Evaluation
The business model revolves around providing technology for real estate tokenization, which inherently involves real assets and legitimate value exchange. The protocol enables fractional ownership of real estate properties through blockchain technology, which aligns with Islamic principles of asset-backed transactions.
Real-World Adoption
The project has demonstrated some real-world implementation through partnerships with real estate companies and the successful tokenization of several properties. However, current adoption remains limited.
Platform Development
The project maintains active development on their protocol and regularly updates their technology stack. The team consistently works on improving their tokenization infrastructure and real estate management tools.
Token Distribution and Governance
BST tokens are primarily used for governance purposes within the ecosystem. Token holders can participate in protocol decisions and have voting rights on various platform parameters.
Crypto Impact
To assign a comfort level investing in Blocksquare Token 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 Blocksquare Token.
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.