Grid+
Crypto Overview
Overview
Grid+ is a blockchain technology company that aims to provide direct access to wholesale electricity markets through its proprietary hardware and software solutions. The GRID token was initially designed to serve as a utility token within their ecosystem, particularly for accessing wholesale electricity rates and operating their smart energy agent system.
Intended Utility
The original purpose of GRID was to serve as a utility token for accessing Grid+'s electricity retail services and their Lattice1 hardware wallet system. Token holders were meant to receive discounts on electricity rates and preferential access to Grid+ services.
Actual Utility Assessment
The project has significantly pivoted from its initial focus on electricity markets. The main current utility of Grid+ centers around their Lattice1 hardware wallet and associated SafeCards technology. The company continues to develop and maintain these hardware security products, which have gained some adoption in the cryptocurrency community.
Token Distribution and Governance
The token distribution appears to have been relatively fair, with no excessive allocation to founders. The project raised funds through a public token sale in 2017. However, detailed information about current token distribution is limited.
Development Activity
Grid+ maintains active development of their hardware wallet solutions. The focus has shifted entirely to security hardware products rather than the original electricity market focus. The development team remains active on GitHub and continues to release updates for their products.
Crypto Impact
To assign a comfort level investing in Grid+ 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 Grid+.
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.