GoCrypto Token
Crypto Overview
Overview
GoCrypto Token (GOC) is a utility token designed to facilitate cryptocurrency payments in physical and online stores through the GoCrypto payment infrastructure. The token serves as the backbone of the Eligma company's GoCrypto payment solution, which enables merchants to accept various cryptocurrencies as payment methods.
Intended Utility
The primary purpose of GOC is to incentivize merchant adoption of the GoCrypto payment system and reward users who make purchases using cryptocurrencies. Merchants receive GOC tokens as rewards for accepting crypto payments, while users can earn GOC tokens through cashback programs when making purchases through the GoCrypto network.
Actual Implementation and Usage
The token demonstrates real-world utility through its integration with physical point-of-sale systems and e-commerce platforms. GoCrypto's payment infrastructure is actively used by merchants across multiple countries, particularly in Europe, with notable adoption in Slovenia and Croatia. The platform processes real transactions and facilitates genuine commerce, showing alignment between intended and actual utility.
Founder and Token Distribution Analysis
The project was developed by Eligma, a legitimate technology company with a traceable history in payment solutions. Token distribution appears relatively balanced, with mechanisms in place to ensure sustainable ecosystem growth rather than quick profit-taking by founders. The development team maintains active GitHub repositories and regularly updates the platform's infrastructure.
Revenue Model and Operations
The business model is based on transaction fees from payment processing and does not involve interest-bearing mechanisms or lending. The revenue structure aligns with Islamic principles as it facilitates actual commerce and exchange of goods and services.
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.