piin (Ordinals)
Crypto Overview
Project Overview
PIIN is a Bitcoin Ordinals project that aims to create unique digital assets on the Bitcoin blockchain. The project uses the Ordinals protocol to inscribe digital content directly onto satoshis (the smallest unit of Bitcoin).
Purpose and Utility
The intended purpose of PIIN is to serve as a digital asset within the Bitcoin Ordinals ecosystem, allowing for the creation and transfer of unique digital items on Bitcoin's base layer. This provides a way to create and trade verifiable digital assets without requiring a separate blockchain.
Business Model and Operations
The project operates on Bitcoin's blockchain using the Ordinals protocol. Users can create, transfer, and trade PIIN inscriptions. The business model appears to be focused on providing a platform for digital asset creation and exchange within the Bitcoin ecosystem.
Development and Adoption
As a relatively new project in the Ordinals space, PIIN shows regular development activity and community engagement. The project maintains active development and community channels.
Token Distribution and Governance
Limited public information is available about the specific token distribution model and governance structure of PIIN. This is not uncommon for early-stage Ordinals projects.
Crypto Impact
To assign a comfort level investing in piin (Ordinals) 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 piin (Ordinals).
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.
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