Ekta
Crypto Overview
Overview
Ekta is a blockchain ecosystem that aims to bridge real-world assets with blockchain technology. The project's stated purpose is to tokenize physical assets, particularly real estate and precious metals, while also providing infrastructure for Web3 development.
Core Features and Utility
The EKTA token serves as the native currency of the Ekta ecosystem, used for governance, staking, and transaction fees. The platform includes several components: Ekta Portal for asset tokenization, MetaX for NFT marketplace operations, and integration with physical mining operations.
Business Model Analysis
The project's business model focuses on legitimate asset tokenization and blockchain infrastructure development. Their approach to real estate tokenization and precious metals appears to follow halal principles, as it involves actual ownership of underlying assets.
Development and Adoption
The project shows ongoing development activity, with regular updates to their technology stack. While adoption remains relatively limited, they have established partnerships with physical mining operations and real estate developers. The team maintains transparent communication through their official channels.
Token Distribution
The token distribution includes allocations for development, team, and ecosystem growth. Vesting schedules are in place for team tokens, indicating some protection against rapid selling. The project has maintained transparency regarding token allocations and usage.
Crypto Impact
To assign a comfort level investing in Ekta 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 Ekta.
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.