Grid+
Crypto Overview
Project Overview
Grid+ is a project focused on developing hardware and software solutions for energy market access and cryptocurrency management. The GRID token was initially designed to serve as a utility token within their ecosystem, particularly for accessing wholesale electricity rates and operating their Lattice1 hardware wallet.
Purpose and Utility
The primary intended utility of GRID tokens was to provide discounted access to wholesale electricity rates through the Grid+ platform in deregulated energy markets, starting with Texas. Token holders were meant to receive preferential pricing on electricity and the ability to participate in the Grid+ energy trading platform.
Current Status
As of 2024, Grid+ has shifted its focus primarily to its hardware wallet business (Lattice1) and appears to have deprioritized its original energy market initiatives. The GRID token's utility has become limited, with minimal integration into their current business model.
Development Activity
While Grid+ continues to develop and support their Lattice1 hardware wallet product, development activity specifically related to the GRID token's original utility appears minimal. The company maintains active development on their hardware products but has not significantly expanded the token's use cases.
Token Distribution
The initial token distribution included allocations to the team and early investors, with vesting periods implemented. Current token distribution data shows a relatively dispersed ownership structure, though detailed recent statistics are limited.
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.