Pawtocol
Crypto Overview
Purpose and Utility
Pawtocol aims to create a blockchain-powered platform for the pet industry, leveraging blockchain technology to connect pet owners, veterinarians, and pet-related businesses. The UPI token is designed to facilitate transactions within this ecosystem.
Business Model Analysis
The platform's intended use cases include pet data management, veterinary record keeping, and rewards for pet-related activities. These core functionalities align with halal principles as they involve legitimate business activities and real utility exchange.
Adoption and Development
The project has shown limited real-world adoption and development activity in recent months. While the team maintains a presence on social media, concrete implementation of the promised features has been slow.
Token Distribution
The token distribution appears relatively concentrated, with significant portions allocated to the team and early investors. However, this is not uncommon for early-stage projects and does not inherently make it non-compliant from a Sharia perspective.
Technology and Revenue Model
The platform's core technology focuses on data management and marketplace functionality, without involving interest-based mechanisms or gambling elements. The revenue model is based on legitimate business transactions and service fees.
Crypto Impact
To assign a comfort level investing in Pawtocol 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 Pawtocol.
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.