Databroker
Crypto Overview
Project Overview
Databroker presents itself as a peer-to-peer marketplace for IoT sensor data. The DTX token is intended to be used as the primary medium of exchange within this marketplace, where companies and organizations can buy and sell IoT sensor data.
Purpose and Utility
The stated purpose of DTX is to facilitate transactions within the Databroker marketplace. Sellers can list their sensor data and buyers can purchase access using DTX tokens. The marketplace aims to create a decentralized ecosystem for data exchange.
Business Model Analysis
The business model appears to be focused on legitimate data exchange and doesn't involve any inherently prohibited activities. The platform doesn't engage in lending, gambling, or other activities that would raise Islamic finance concerns.
Real-World Adoption
Current adoption and usage metrics are limited, with relatively low trading volume and marketplace activity. However, limited adoption does not impact halal compliance. The project maintains partnerships with several IoT companies and continues to develop its marketplace infrastructure.
Token Distribution and Founder Analysis
The token distribution appears reasonable, with no concerning concentration in founder wallets. There are standard vesting periods for team allocations, which helps align long-term incentives.
Crypto Impact
To assign a comfort level investing in Databroker 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 Databroker.
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.