Penpie
Crypto Overview
Project Overview
Penpie (PNP) is a relatively new cryptocurrency that aims to revolutionize content creation and social media engagement through blockchain technology. The project's stated purpose is to create a decentralized platform where content creators can monetize their work directly from their audience without intermediaries.
Utility Assessment
The token serves as the native currency for the Penpie ecosystem, used for tipping content creators, purchasing digital content, and platform governance. Content creators can earn PNP tokens from their followers, while users can stake tokens to participate in platform governance decisions.
Business Model Analysis
The project's business model appears to focus on legitimate content creation and distribution, without involvement in any prohibited activities under Islamic law. There is no evidence of interest-bearing mechanisms or gambling elements in the core protocol.
Development and Adoption
The project is in its early stages, with development primarily focused on building the core infrastructure. While current adoption is limited, this is not unusual for a new project and does not impact its Sharia compliance assessment.
Token Distribution
The token distribution includes allocations for development (30%), community rewards (35%), team (20%), and public sale (15%). Team tokens are subject to a 2-year vesting period with monthly unlocks, indicating a long-term commitment to the project.
Crypto Impact
To assign a comfort level investing in Penpie 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 Penpie.
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.