Pillar
Crypto Overview
Project Overview
Pillar is a cryptocurrency project that aims to create a digital wallet and platform for managing digital assets and personal data. The PLR token is designed to serve as a utility token within the Pillar ecosystem, enabling users to access services and participate in platform governance.
Intended Purpose & Current Usage
The intended purpose of PLR is to facilitate transactions within the Pillar wallet ecosystem, provide access to premium features, and enable governance participation. Currently, the token is primarily used for trading on various cryptocurrency exchanges, with limited implementation of its intended utility features.
Business Model Analysis
The project's business model focuses on providing a digital wallet solution with enhanced privacy features and personal data management capabilities. The model itself does not involve any inherently haram activities like interest-based lending or gambling.
Real-World Adoption
The Pillar wallet has seen some adoption, though usage of the PLR token specifically remains primarily concentrated in trading activities. The project maintains active development, with regular updates to their wallet application.
Token Distribution
The token distribution appears relatively well-balanced, with no concerning concentration in founder or team holdings that might suggest a scheme to enrich founders. Appropriate vesting schedules were implemented for team allocations.
Crypto Impact
To assign a comfort level investing in Pillar 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 Pillar.
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.