Peanut
Crypto Overview
Overview
Peanut Protocol is a blockchain project designed to facilitate secure token transfers across multiple blockchains through a unique stealth address system. The PEANUT token serves as the protocol's native utility token.
Purpose and Utility
The primary purpose of Peanut Protocol is to enable private and secure cross-chain token transfers while maintaining transaction privacy. Users can send tokens to others using temporary stealth addresses, making it difficult to trace transaction patterns.
Business Model Analysis
The protocol's business model is based on facilitating secure token transfers and maintaining network security. The PEANUT token is used for governance and to pay transaction fees within the ecosystem.
Real-World Adoption
The protocol has demonstrated actual usage on various blockchain networks including Ethereum, Polygon, and BNB Chain. While adoption is still in early stages, there is evidence of genuine utility through active transfers and growing transaction volumes.
Development Activity
The project maintains an active GitHub repository with regular updates and improvements to the protocol. The development team consistently pushes updates and responds to community feedback.
Token Distribution
The token distribution appears relatively balanced, with allocations for the team, development fund, and community. Team tokens are subject to vesting periods, indicating a long-term commitment to the project.
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.