ecoterra
Crypto Overview
Project Overview
Ecoterra is a blockchain-based recycling ecosystem launched in 2023. The platform aims to incentivize recycling activities by rewarding users with ECOTERRA tokens for depositing recyclable materials at designated collection points. The project includes a Recycle-to-Earn app, recycling tracking, and a marketplace for recycled materials.
Utility Assessment
The primary utilities of ECOTERRA tokens include: Rewards for recycling activities, governance rights in the ecosystem, payment method in the recycled materials marketplace, and access to the platform's features.
Business Model Analysis
The business model appears legitimate and halal-compliant as it: Creates real value through environmental conservation, facilitates actual trade of recyclable materials, involves genuine asset exchange in its marketplace, and promotes beneficial societal activities.
Development and Adoption
The project is in its early stages with ongoing development. The team has established partnerships with recycling facilities and waste management companies. The platform launched its mainnet in Q2 2023 and continues to expand its collection point network.
Token Distribution
Total supply: 2 billion ECOTERRA tokens. The distribution includes allocations for ecosystem rewards, development, team (with vesting periods), and public sale participants. Team tokens are subject to a vesting schedule to prevent immediate selling.
Crypto Impact
To assign a comfort level investing in ecoterra 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 ecoterra.
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.