Ozonechain
Crypto Overview
Overview
Ozonechain presents itself as an environmental blockchain platform focused on tracking and reducing carbon emissions. The project aims to facilitate carbon credit trading and environmental impact monitoring through blockchain technology.
Purpose Analysis
The stated purpose is to provide a decentralized platform for carbon credit trading and environmental data management. The OZONE token is designed to serve as both a governance token and utility token within the ecosystem.
Business Model Evaluation
The business model appears to focus on legitimate environmental concerns and provides real utility through carbon credit trading and environmental data tracking. These activities are permissible under Islamic principles as they involve actual asset exchange and benefit to society.
Real-World Adoption
Current adoption and usage data for Ozonechain is limited, as the project is relatively new. While the platform is still in development, this does not affect its Sharia compliance status.
Development Activity
The project shows ongoing development activity through their GitHub repository, though at a modest pace. The team maintains regular updates to their platform and technical documentation.
Token Distribution
The token distribution appears reasonably balanced, with allocations for development, ecosystem growth, and community initiatives. There are vesting periods in place for team tokens, which demonstrates commitment to long-term development.
Crypto Impact
To assign a comfort level investing in Ozonechain 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 Ozonechain.
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.