Qtum
Crypto Overview
Overview
Qtum is a smart contract platform that combines Bitcoin's UTXO model with Ethereum's Virtual Machine (EVM). It was launched in 2017 and aims to facilitate business applications by providing a more stable and secure blockchain infrastructure.
Intended Utility
Qtum was designed as an enterprise-focused blockchain platform enabling smart contracts and decentralized applications (dApps) with a proof-of-stake consensus mechanism. The QTUM token serves as the native currency for transaction fees, staking, and governance.
Actual Utility and Development
The platform has demonstrated consistent development activity, with regular updates and improvements to its core infrastructure. It has achieved notable adoption in Asia, particularly in business applications. The project maintains active GitHub repositories and has a steady developer community.
Token Distribution and Governance
Initial token distribution allocated 51% to public sale participants, 20% to founders/early investors (with multi-year vesting), and 29% for business development and marketing. The vesting schedule for team tokens was clearly defined and implemented through smart contracts.
Revenue Model
Qtum's revenue model is primarily based on transaction fees and block rewards from staking, avoiding interest-based mechanisms. The platform focuses on facilitating business transactions and smart contract deployment rather than speculative financial products.
Development vs Marketing
The project maintains a balanced approach between technical development and community building. Regular technical updates, research papers, and partnerships with legitimate businesses demonstrate a focus on real utility over pure marketing.
Crypto Impact
To assign a comfort level investing in Qtum 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 Qtum.
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.