OneLedger

Project Overview

OneLedger is a blockchain protocol designed to enable high-performance cross-chain interoperability. The project aims to provide infrastructure for enterprises and developers to create and deploy decentralized applications (dApps) that can interact across multiple blockchains.

Intended Utility

The OLT token serves multiple purposes within the OneLedger ecosystem: it is used for transaction fees, validator staking, and governance participation. Validators must stake OLT tokens to participate in consensus and secure the network. Token holders can participate in governance decisions regarding protocol updates and parameters.

Current State and Development

The project has maintained relatively low development activity in recent periods. While the basic infrastructure exists, adoption and real-world usage remain limited. The project's GitHub repositories show sporadic updates, indicating some ongoing maintenance but not intensive development.

Business Model Analysis

The core business model focuses on providing blockchain infrastructure services, which is inherently halal as it involves creating and exchanging real technological value. There are no apparent elements of riba (interest) or gambling in the basic protocol design. The staking mechanism is based on network participation and security provision rather than lending.

Token Distribution and Governance

The token distribution appears relatively concentrated among early investors and team members, though exact current figures are difficult to verify due to limited transparent documentation. However, this concentration alone does not affect its halal status as the token represents ownership in legitimate technological infrastructure.