Push Protocol

Halal Rating :
Questionable
Last Price $0.11 Last updated:
Rank 1288
1D Change -0.69 %
Market Cap $6.36m
Circulating supply 60,365,125
Maximum supply None

Crypto Overview

Categories
  • Platform
  • Services
  • DeFi
  • Interoperability
  • DAO
  • Ethereum Ecosystem
  • Governance
  • Binance Labs Portfolio
  • Polkastarter
  • Polygon Ecosystem
  • Web3

Project Overview

Push Protocol (formerly EPNS - Ethereum Push Notification Service) is a decentralized communication protocol that enables blockchain-based notifications and messaging. The protocol allows dApps, smart contracts, and services to send notifications to wallet addresses across different blockchains.

Intended Utility

The PUSH token serves multiple purposes within the ecosystem: governance rights for protocol decisions, staking to run notification channels, and incentivizing network participants. The protocol addresses a genuine need in the blockchain space by providing a decentralized notification infrastructure.

Actual Utility & Adoption

The protocol has demonstrated real-world adoption with integrations across multiple blockchains including Ethereum, Polygon, and BNB Chain. Notable partnerships include Polygon, Binance, and numerous DeFi protocols. The platform shows consistent development activity on GitHub and regular protocol updates.

Token Distribution & Governance

The token distribution shows a relatively balanced allocation: 19% to team and advisors (with 2-year vesting), 25% for ecosystem development, 12% for public sale, and the remainder distributed across various protocol incentives and community initiatives. The vesting schedules appear reasonable and designed for long-term protocol sustainability.

Revenue Model & Operations

The protocol generates revenue through channel creation fees and optional premium features, avoiding interest-based mechanisms. The business model focuses on providing communication infrastructure services rather than speculative financial products.

Crypto Impact

To assign a comfort level investing in Push Protocol 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 Push Protocol.

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Justification for our Halal Rating