Ozone Chain
Crypto Overview
Overview
Ozone Chain (OZO) is presented as a layer-1 blockchain platform focusing on environmental sustainability and carbon credit tokenization. The project aims to create a decentralized ecosystem for environmental initiatives and carbon offset trading.
Purpose and Utility
The stated purpose of OZO is to serve as the native token for the Ozone Chain ecosystem, facilitating transactions and governance within their environmental platform. The token is meant to be used for validating transactions, participating in governance decisions, and trading carbon credits.
Current Development and Usage
Research indicates the project is in early stages with limited real-world adoption. While the whitepaper outlines ambitious goals for environmental impact, current usage appears primarily centered on trading. The development team maintains regular updates on their GitHub repository, though activity levels are moderate.
Token Distribution and Governance
The token distribution includes allocations for development (30%), ecosystem growth (25%), team (20%), and public sale (25%). Team tokens are subject to a 2-year vesting period with quarterly unlocks. The project implements a proof-of-stake consensus mechanism for network validation.
Business Model Analysis
The core business model revolves around facilitating environmental sustainability initiatives through blockchain technology. The platform aims to generate revenue through transaction fees and carbon credit trading services, which aligns with halal principles as it involves the exchange of real assets and services.
Crypto Impact
To assign a comfort level investing in Ozone Chain 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 Ozone Chain.
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.