GoCrypto Token
Crypto Overview
Overview
GoCrypto Token (GOC) is the native token of the GoCrypto payment ecosystem, created by Eligma, a technology company focused on crypto payment solutions. The token serves as a utility token within the GoCrypto payment infrastructure, which enables merchants to accept cryptocurrency payments and receive settlements in their local fiat currency.
Intended Utility
The primary purpose of GOC is to facilitate cryptocurrency payments in physical and online stores. It serves multiple functions within the ecosystem: governance rights for holders, rewards for merchants using the GoCrypto payment system, and discounts on transaction fees when using the GoCrypto infrastructure.
Actual Utility
The token demonstrates real-world utility through its integration with the GoCrypto payment system, which is actively used by merchants across multiple countries. The ecosystem has established partnerships with various retailers and payment providers, showing legitimate adoption of the technology.
Business Model Analysis
The business model is based on facilitating crypto-to-fiat payments for merchants, with the GOC token serving as a utility token within this ecosystem. The revenue model is primarily based on transaction fees and does not involve interest-bearing mechanisms or prohibited activities.
Token Distribution and Development
While detailed token distribution information is somewhat limited, the project shows consistent development activity and expansion of its merchant network. The team behind the project has maintained transparency in their operations and continues to develop the payment infrastructure.
Crypto Impact
To assign a comfort level investing in GoCrypto Token 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 GoCrypto Token.
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.