Code Token
Crypto Overview
Project Overview
Code Token ($CODE) is the native token of the Code Platform, a decentralized ecosystem focused on supporting web3 development and providing tools for blockchain developers. The platform aims to streamline the development of decentralized applications and smart contracts.
Purpose and Utility
The primary utility of CODE includes governance rights over the platform's development, access to developer tools and resources, and serves as the platform's native currency for various services. Token holders can participate in protocol governance decisions and access premium features within the Code ecosystem.
Business Model Analysis
The Code Platform generates revenue through its development tools marketplace, consulting services, and platform usage fees. These activities align with halal business practices as they involve the exchange of legitimate services and products. No interest-bearing mechanisms or impermissible activities have been identified in the core business model.
Development Activity and Adoption
The project maintains active development with regular GitHub commits and ecosystem updates. While adoption is still in early stages, there is evidence of growing developer participation and increasing platform usage.
Token Distribution and Governance
The token distribution includes allocations for development (30%), ecosystem growth (25%), team (20%), and public sale (25%). Team tokens are subject to a 2-year vesting period with gradual unlocks, showing commitment to long-term development.
Crypto Impact
To assign a comfort level investing in Code 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 Code 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.