Minted
Crypto Overview
Overview
Minted (MTD) is a cryptocurrency project focused on creating a decentralized platform for tokenizing real-world assets, particularly precious metals and commodities. The project aims to bridge traditional asset markets with blockchain technology.
Purpose and Utility
The primary stated purpose of Minted is to facilitate the tokenization and trading of physical assets on the blockchain. The platform claims to enable users to trade fractional ownership of precious metals and other commodities in a decentralized manner.
Business Model Analysis
The project's business model appears to focus on creating a marketplace for tokenized assets, with the MTD token serving as both a governance token and a means of payment within the ecosystem. The model itself does not involve inherently prohibited activities like interest-based lending or gambling.
Development and Adoption
While the project is still in its early stages, there is evidence of ongoing development activity. However, current usage appears to be primarily focused on trading rather than the intended asset tokenization use case. This is not problematic from a Shariah perspective as trading ownership of tokens is permitted.
Token Distribution
The token distribution appears to follow standard industry practices, with allocations for development, marketing, and ecosystem growth. There are vesting schedules in place for team tokens, which provides some protection against sudden selling pressure.
Crypto Impact
To assign a comfort level investing in Minted 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 Minted.
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.