impactMarket (old)
Crypto Overview
Overview
impactMarket (PACT) was a cryptocurrency project aiming to create a decentralized poverty alleviation protocol. The project's stated purpose was to enable the creation and distribution of unconditional basic income (UBI) for vulnerable populations through blockchain technology.
Purpose and Utility
The intended utility of PACT tokens included governance rights over the protocol and incentivizing community participation in the poverty alleviation system. The token was designed to be used for voting on protocol changes and reward distribution.
Business Model Analysis
The project's core mission of poverty alleviation through UBI aligns well with Islamic principles of charitable giving and social welfare. The protocol did not involve interest-bearing mechanisms or explicitly prohibited activities.
Development and Adoption
The original PACT token has been phased out and replaced with a new version. The old token is no longer actively maintained or developed. Trading and utility of the original PACT token has effectively ceased.
Token Distribution
Historical token distribution information is no longer relevant as the token has been discontinued.
Crypto Impact
To assign a comfort level investing in impactMarket (old) 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 impactMarket (old).
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.