Etica
Crypto Overview
Purpose and Utility
Etica presents itself as a decentralized blockchain platform focusing on ethical and sustainable projects. The ETI token is designed to serve as both a governance token for the Etica ecosystem and a medium of exchange for ethical project funding.
Business Model Analysis
The project aims to create a platform where users can propose, vote on, and fund projects that align with ethical and sustainable principles. This core business model appears to align with Islamic principles of promoting social good and ethical business practices.
Real-World Adoption
Current adoption appears to be limited, with minimal on-chain activity observed. The project is still in its early stages of development.
Platform Development
Development activity can be observed on the project's GitHub repository, though updates are infrequent. The team maintains communication through their official channels, providing regular updates about development progress.
Token Distribution
Based on available data, the token distribution appears relatively fair, with no concerning concentration in founder or early investor wallets. There are vesting periods in place for team allocations.
Crypto Impact
To assign a comfort level investing in Etica 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 Etica.
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.