QuadrantProtocol
Crypto Overview
Quadrant Protocol aims to create a blockchain-based infrastructure for the mapping and authentication of data, particularly AI-related data. The protocol's native token EQUAD serves as a utility token within its ecosystem.
Intended Utility Assessment
The stated purpose of EQUAD is to facilitate data transactions and authenticity verification within the Quadrant ecosystem. The token is meant to be used for purchasing data stamps, compensating data providers, and participating in the network's governance.
Actual Utility Evaluation
Current on-chain data and market activity suggest limited adoption of the protocol for its intended use cases. While the project maintains its development activity, the token appears to be primarily traded on secondary markets rather than being actively used within the ecosystem.
Founder Assessment
The project was founded by Mike Davie, who has a background in data analytics and telecommunications. The token distribution includes significant allocations to the team and early investors, with vesting schedules in place. Marketing efforts appear balanced with development activities.
Technical Analysis
The protocol operates on the Ethereum blockchain and does not involve interest-bearing mechanisms or lending facilities. The primary focus is on data authentication and marketplace functionality.
Crypto Impact
To assign a comfort level investing in QuadrantProtocol 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 QuadrantProtocol.
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.
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