impactMarket (old)

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 The old token is no longer actively maintained or developed.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.