GEODNET
Crypto Overview
Purpose and Utility
GeodNet is a blockchain protocol designed to create a decentralized wireless network infrastructure. The project aims to incentivize users to deploy and operate wireless hotspots that form a global network, with GEOD tokens serving as the native currency for network participation rewards.
Business Model
The project's business model revolves around creating a decentralized wireless infrastructure where participants earn GEOD tokens for providing network coverage. Network users pay for access using GEOD tokens, creating a circular economy. This model appears to align with halal principles as it involves clear value exchange and utility.
Real-World Adoption
Current adoption appears to be in early stages. The project has begun deploying hotspots in select regions, though the network coverage remains limited. While adoption is currently modest, this doesn't impact its sharia compliance status.
Development Activity
The development team maintains regular GitHub activity, with ongoing updates to the core protocol and hotspot firmware. The project demonstrates consistent technical progress, though as with many early-stage projects, development is still evolving.
Token Distribution
According to available information, the token distribution includes allocations for network growth, development team, and community rewards. While exact percentages aren't publicly detailed, the distribution appears designed to incentivize network growth rather than quick profit-taking.
Crypto Impact
To assign a comfort level investing in GEODNET 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 GEODNET.
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.