Carbon Credit
Crypto Overview
Overview
Carbon Credit Token (CCT) is a cryptocurrency that aims to tokenize carbon credits and make them more accessible to traders and businesses. The project claims to bridge the traditional carbon credit market with blockchain technology.
Purpose & Utility
The intended purpose is to provide a digital representation of carbon credits, allowing for easier trading and verification of carbon offset activities. The project aims to make carbon credit trading more efficient and transparent through blockchain technology.
Business Model & Platform
The platform allows users to trade tokenized carbon credits. The business model appears to involve facilitating the exchange of actual carbon credits through blockchain technology, which is permissible from an Islamic finance perspective as it involves the trading of real assets.
Real-World Adoption
Currently, the project shows limited real-world adoption. However, this is not inherently problematic from a Shariah compliance perspective, as the underlying business model involves trading legitimate assets.
Token Distribution & Development
The token distribution includes allocations for development, marketing, and ecosystem growth. While detailed vesting information is limited, the project shows ongoing development activity.
Shariah Considerations
The core business of trading carbon credits is permissible as it involves real assets and provides actual utility. The platform does not engage in interest-bearing activities or facilitate prohibited industries.
Crypto Impact
To assign a comfort level investing in Carbon Credit 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 Carbon Credit.
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.