Peanut
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in Peanut 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 Peanut.
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.