QuadrantProtocol
Crypto Overview
Overview
Quadrant Protocol is a blockchain-based protocol that aims to create a data authentication and mapping system for Artificial Intelligence and Data Science. The protocol facilitates the transparent exchange of authentic data between data providers and consumers.
Purpose and Utility
The EQUAD token serves as the primary medium of exchange within the Quadrant ecosystem. It is used to purchase data products, compensate data providers, and incentivize network participants. The token has actual utility in facilitating real data transactions between parties.
Business Model Evaluation
The business model appears to be focused on legitimate data exchange and verification services. There is no evidence of involvement in prohibited activities like gambling, interest-based lending, or adult content. The platform promotes transparency in data transactions.
Real-World Adoption
While adoption appears limited, the project has established partnerships with data providers and consumers. The protocol is being used for its intended purpose of facilitating data transactions, though at a relatively small scale.
Development Activity
The project maintains an active development presence, with regular updates to their technology stack and ecosystem. The team continues to work on expanding the platform's capabilities and use cases.
Token Distribution
The token distribution appears reasonable, with mechanisms in place to prevent excessive concentration of tokens. There are no immediate red flags regarding founder enrichment schemes.
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.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.