pBTC35A
Crypto Overview
Overview
pBTC35A is a tokenized version of a basket containing Bitcoin mining stocks, representing shares in publicly traded Bitcoin mining companies. The token is part of the PowerPool protocol ecosystem.
Purpose and Utility
The intended purpose of pBTC35A is to provide exposure to Bitcoin mining companies through a single token. It tracks the performance of various publicly traded mining companies, making it easier for users to gain diversified exposure to the Bitcoin mining sector without having to individually purchase multiple stocks.
Business Model
The token represents actual ownership in a basket of mining company shares, providing a clear and transparent value proposition. The underlying assets (mining company stocks) are engaged in legitimate Bitcoin mining operations, which is considered a halal activity as it involves securing the network and processing transactions in exchange for rewards.
Real-World Adoption
While trading volume and liquidity for pBTC35A are relatively limited, this doesn't impact its Sharia compliance status as the token represents ownership in real assets (mining company shares) and serves a legitimate purpose.
Token Distribution and Development
The token is part of the larger PowerPool ecosystem, which maintains active development and regular updates. The token distribution appears to be based on actual ownership of the underlying mining stocks, rather than being concentrated among founders.
Crypto Impact
To assign a comfort level investing in pBTC35A 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 pBTC35A.
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.