Credits
Crypto Overview
Purpose and Utility
Credits (CS) is a blockchain platform launched in 2019, designed to support the development of decentralized applications (dApps) and smart contracts. The platform claims to offer high transaction speeds, low fees, and the ability to create custom tokens.
Business Model
The platform's business model focuses on providing blockchain infrastructure for developers and enterprises. The CS token serves as the native currency for transaction fees and platform operations. The model appears transparent and does not inherently involve any prohibited activities.
Real-World Adoption
Credits has achieved some partnerships and implementations, particularly in enterprise blockchain solutions. However, current usage metrics indicate limited adoption compared to leading platforms.
Platform Development
The project maintains active development, with regular updates to their GitHub repository. The team continues to enhance the platform's capabilities and maintains communication through official channels.
Token Distribution
The initial token distribution included allocations for the team, development, and public sale. While specific current distribution data is limited, there are no clear red flags in the token allocation structure.
Technology and Revenue Model
The platform's primary revenue comes from transaction fees and platform usage, which is compliant with Islamic principles as it represents payment for actual services. The platform does not inherently involve interest-based mechanisms or prohibited activities.
Crypto Impact
To assign a comfort level investing in Credits 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 Credits.
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.