Fruits
Crypto Overview
Overview
Fruits (FRTS) is a cryptocurrency that aims to facilitate payments and create a decentralized ecosystem around agricultural produce tracking and trading.
Purpose and Utility
The stated purpose of FRTS is to provide a blockchain-based platform for tracking agricultural products from farm to consumer, while also serving as a medium of exchange within this ecosystem. The token is designed to be used for payments between farmers, distributors, and retailers.
Business Model Analysis
The project's core business model revolves around agricultural supply chain management and does not involve any inherently prohibited activities in Islamic finance. The platform intends to provide real utility through transparent tracking of produce and facilitating legitimate trade.
Current Usage and Adoption
At present, FRTS shows limited real-world adoption. While the platform is still in early development stages, there are some small-scale implementations being tested with local farming cooperatives.
Development Activity
The project maintains an active GitHub repository with regular updates, indicating ongoing development work. The team regularly publishes technical updates and development progress reports.
Token Distribution
The token distribution shows a reasonable allocation: 30% for public sale, 20% for development, 20% for ecosystem growth, 15% for team (with 2-year vesting), and 15% for marketing and partnerships.
Technology Assessment
The platform uses standard blockchain technology for supply chain tracking and payments, without any interest-bearing mechanisms or gambling elements.
Crypto Impact
To assign a comfort level investing in Fruits 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 Fruits.
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.