BytomDAO
Crypto Overview
BytomDAO is a blockchain protocol founded in 2017 that aims to facilitate the exchange of digital and traditional assets. The project was designed to enable the tokenization and trading of various asset types including securities, bonds, and other financial instruments on the blockchain.
Intended Utility Analysis
The BTM token was created to serve as the native token of the Bytom blockchain, intended for transaction fees, asset issuance, and governance participation within the ecosystem. The protocol claims to use artificial intelligence to optimize its asset management and smart contract capabilities.
Actual Utility Assessment
Current analysis reveals very limited real-world adoption and usage of the BytomDAO platform. The project has seen declining developer activity since 2021, with minimal updates to its core protocol. On-chain metrics indicate low transaction volumes and limited active addresses.
Token Distribution and Governance
The initial token distribution allocated a significant portion to the founding team and early investors. While there were vesting schedules implemented, the transparency around current token holdings and treasury management is limited. The project's transition to a DAO structure lacks clear documentation and active participation.
Technical Implementation
The protocol operates on a Proof-of-Work consensus mechanism modified with AI components. While technically innovative, the practical implementation and real-world usage of these features remain limited.
Crypto Impact
To assign a comfort level investing in BytomDAO 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 BytomDAO.
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.