Peanut

Halal Rating :
Comfortable
Contract: 0x89bd2e7e388fab44ae88bef4e1ad12b4f1e0911c
Last Price $0.005 Last updated:
Rank 2447
1D Change 6.33 %
Market Cap $251,757
Circulating supply 50,000,000
Maximum supply 50,000,000

Crypto Overview

Categories
  • Ethereum Ecosystem
  • BNB Chain Ecosystem

Project Overview

Peanut Protocol is a blockchain-based system that aims to simplify the process of sending cryptocurrencies through shareable links, similar to how one might share files through services like WeTransfer. The protocol allows users to create links that contain cryptocurrency, which can be shared with recipients who can then claim the funds.

Purpose and Utility

The primary utility of the NUX token is governance and protocol incentivization. Token holders can participate in the protocol's decision-making process and receive rewards for participating in the ecosystem.

Business Model Analysis

The core service of transferring cryptocurrencies through links appears to be halal as it facilitates legitimate value transfer between parties. The protocol does not engage in interest-bearing activities or gambling. The business model is based on providing a useful service that simplifies cryptocurrency transfers.

Real-World Adoption

The protocol has demonstrated actual usage with verifiable on-chain transactions. While adoption is still in early stages, there is evidence of the platform being used for its intended purpose of facilitating cryptocurrency transfers.

Development Activity

The project maintains active development with regular updates to the protocol. The team regularly pushes updates to their GitHub repository and maintains communication with their community through official channels.

Token Distribution and Vesting

Token distribution information shows standard vesting schedules for team members and early investors, with mechanisms in place to prevent immediate dumping of tokens. This suggests a long-term commitment to the project rather than a short-term enrichment scheme.

Rating Justification

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