Metadium
Crypto Overview
Project Overview
Metadium is a blockchain-based identity management platform that aims to give users control over their personal data and digital identity. The project was launched in 2018 and is built on Ethereum as an ERC-20 token.
Intended Utility
The META token is designed to serve as the native currency within the Metadium ecosystem, used for identity verification services, data management, and network governance. It enables users to pay for identity verification services and rewards service providers who participate in the network.
Actual Utility Assessment
Current usage appears to be limited, with minimal evidence of widespread adoption for its intended identity management purposes. The project's development activity has been relatively quiet, with few recent significant updates to the platform.
Token Distribution and Governance
Initial token distribution allocated 20% to the team and advisors, with vesting periods implemented. However, detailed information about current token distribution and lock-up agreements is not readily available. The project's governance structure appears to be primarily centralized with the founding team.
Technology and Revenue Model
The platform's core technology focuses on identity verification and management, which aligns with Islamic principles as it provides a legitimate service. The revenue model is based on service fees rather than interest-bearing mechanisms.
Crypto Impact
To assign a comfort level investing in Metadium 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 Metadium.
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.
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