Pendulum
Crypto Overview
Project Overview
Pendulum is a layer-1 blockchain built on Substrate that aims to bridge traditional finance (TradFi) with decentralized finance (DeFi). The project's primary focus is to create infrastructure for forex markets on the blockchain.
Purpose and Utility
The main utility of PEN tokens includes: Governance participation in the Pendulum network, Transaction fee payments on the network, Network security through staking, and Access to forex-related DeFi services.
Business Model Evaluation
The project's core business model revolves around creating legitimate infrastructure for forex markets on blockchain technology. This includes developing protocols for forex price feeds, automated market makers specialized for forex, and cross-border payment solutions.
Development Activity and Adoption
Pendulum has shown consistent development activity, with regular updates to their GitHub repositories. The project has established partnerships with Stellar and other blockchain networks to facilitate their forex market infrastructure goals.
Token Distribution
The token distribution includes allocations for the ecosystem (40%), staking rewards (25%), team and advisors (15%), private sale (10%), and public sale (10%). Team tokens are subject to a vesting schedule over multiple years, indicating a long-term commitment to the project.
Revenue Model Analysis
The project's revenue model is primarily based on transaction fees and the provision of infrastructure services for forex markets, which aligns with Islamic finance principles as it involves the exchange of real services and value.
Crypto Impact
To assign a comfort level investing in Pendulum 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 Pendulum.
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.