IRR
Crypto Overview
Overview
TOMAN (IRR) is a cryptocurrency designed to serve as a digital representation of the Iranian Rial. The project aims to facilitate cross-border transactions and provide a digital payment solution for Iranian citizens and businesses.
Purpose and Utility
The stated purpose is to create a digital version of the Iranian Rial that can be used for international trade and remittances, particularly in response to international sanctions affecting traditional banking channels. The project claims to offer a blockchain-based solution for Iranian currency transactions.
Business Model Evaluation
The business model appears to be focused on providing a payment and transfer mechanism. No evidence was found of involvement in impermissible activities like gambling, interest-bearing products, or adult content.
Development and Adoption
Current development activity and adoption metrics for the TOMAN project are difficult to verify due to limited public information. The project's GitHub repositories and technical documentation are not readily accessible.
Token Distribution
Information about token distribution, vesting schedules, and founder allocations is not publicly available, making it challenging to assess the fairness of token distribution.
Technology Assessment
The underlying technology appears to be a standard ERC-20 token without any lending or interest-bearing mechanisms. The basic transfer and payment utilities align with Islamic principles.
Crypto Impact
To assign a comfort level investing in IRR 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 IRR.
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.