Metadium
Crypto Overview
Project Overview
Metadium is a blockchain-based identity management system launched in 2018. It aims to provide users with control over their personal data and digital identity through a decentralized identity protocol.
Intended Utility
The META token serves multiple purposes within the Metadium ecosystem: It functions as a governance token allowing holders to participate in protocol decisions, serves as a means of payment for identity verification services, and incentivizes node operators who maintain the network.
Actual Utility Analysis
The project has developed several core components including the Meta ID system, identity attestation services, and developer tools for implementing decentralized identity solutions. While adoption remains limited, the platform continues to maintain active development focused on identity management use cases.
Token Distribution and Governance
The initial token distribution allocated 20% to the team and advisors with multi-year vesting schedules. The majority of tokens were distributed through public sales and ecosystem development funds. The project maintains transparent reporting of token allocations and uses.
Technology and Revenue Model
Metadium operates on a Proof of Authority consensus mechanism for identity verification. The revenue model is based on fees paid in META tokens for identity attestation services, without involving interest-bearing mechanisms or gambling elements.
Development Activity
While development activity has slowed compared to launch, the team continues to maintain the core protocol and identity management infrastructure. The project focuses on enterprise adoption of its identity solutions rather than token price speculation.
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”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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