impactMarket (new)
Crypto Overview
Purpose & Utility
impactMarket (PACT) is a decentralized poverty alleviation protocol built on the Celo blockchain. Its primary purpose is to enable the creation and distribution of Unconditional Basic Income (UBI) to vulnerable communities worldwide through cryptocurrency.
Business Model Analysis
The platform allows communities to create UBI contracts where beneficiaries can claim a fixed amount of cryptocurrency (cUSD) daily. The PACT token serves as the protocol's governance token, allowing holders to participate in decision-making regarding the platform's development and UBI distribution parameters.
Real-World Adoption
The protocol has demonstrated real-world implementation, particularly in developing nations. According to their public data, impactMarket has supported over 60,000 beneficiaries across multiple countries, with actual distribution of aid occurring through their platform.
Platform Development
The project maintains active development on GitHub, with regular updates to their smart contracts and mobile application. The team consistently publishes transparency reports about their operations and impact metrics.
Token Distribution & Vesting
The token distribution includes allocations for community incentives, team members, and development fund. Team tokens are subject to a vesting schedule to ensure long-term alignment with the project's goals.
Crypto Impact
To assign a comfort level investing in impactMarket (new) 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 (new).
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.