GoChain
Crypto Overview
Project Overview
GoChain is a blockchain platform launched in 2018 that positions itself as a scalable, enterprise-focused solution with enhanced performance and lower energy consumption compared to Ethereum. The platform claims to process up to 1300 transactions per second while maintaining Ethereum compatibility.
Intended Utility
GoChain was designed to serve as a smart contract and decentralized application (dApp) platform, focusing on enterprise solutions and green technology through its Proof of Reputation (PoR) consensus mechanism. The GO token is meant to be used for transaction fees, smart contract deployment, and network governance.
Actual Utility Assessment
Current analysis reveals minimal active development on the platform, with very low transaction volumes and limited enterprise adoption. The project's GitHub repositories show sporadic updates, and the last significant development activity was observed more than a year ago. The official website appears outdated, and community engagement across social media channels is notably low.
Token Distribution and Governance
The initial token distribution allocated 50% to the public sale, 25% to the foundation, and 25% to the team and advisors. While vesting schedules were implemented, detailed information about current token distribution is not readily available. The project's transparency regarding token holdings and usage has been limited in recent years.
Development vs Marketing
In recent periods, both development and marketing activities appear to have significantly decreased. The project's social media presence is minimal, and there are no recent substantial technical updates or partnerships announced.
Crypto Impact
To assign a comfort level investing in GoChain 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 GoChain.
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.