Odyssey
Crypto Overview
Project Overview
Odyssey (OCN) was created as a blockchain platform focused on sharing economy and peer-to-peer interactions. The project aimed to build a decentralized sharing economy and P2P ecosystem, leveraging blockchain technology to reduce operating costs and increase market efficiency.
Utility Assessment
The intended utility of OCN was to serve as a payment and governance token within their ecosystem, facilitating transactions between service providers and users. The token was meant to power a decentralized marketplace for sharing economy services.
Current Status
As of 2023, the project appears to have minimal development activity and limited real-world adoption. The official website is no longer active, and there is very little recent information about ongoing development or usage. While the token continues to trade on some exchanges, its original intended utility seems largely unrealized.
Business Model Analysis
The original business model focused on legitimate sharing economy services, which aligns with Islamic principles. The project did not involve inherently haram activities like interest-bearing products, gambling, or prohibited industries. The token distribution and vesting schedules were reasonable, with no obvious signs of being designed to enrich founders unfairly.
Development and Usage
Current development activity appears minimal, with little evidence of ongoing platform updates or ecosystem growth. While this indicates limited success in achieving the project's goals, it does not inherently affect its Sharia compliance status.
Crypto Impact
To assign a comfort level investing in Odyssey 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 Odyssey.
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.