QuadrantProtocol

Purpose and Utility

Quadrant Protocol aims to create a decentralized data authentication and AI training platform. The EQUAD token serves as the native utility token of the ecosystem, used for data transactions, authentication services, and network governance.

Business Model Evaluation

The platform's business model focuses on creating a transparent marketplace for authentic data, particularly for AI and machine learning applications. Users can authenticate, buy, and sell data using EQUAD tokens. The core business activities appear to align with halal principles, as they involve legitimate exchange of digital assets and services.

Real-World Adoption

The project has established partnerships with various data providers and technology companies. However, current on-chain activity and token usage metrics show limited adoption of the platform's intended use cases.

Development Activity

The project maintains an active development presence, with regular updates to their technology stack and data authentication protocols.

Token Distribution and Governance

The token distribution includes allocations for the team, development, and ecosystem growth. Team tokens are subject to vesting periods, indicating commitment to long-term development.

Technology and Revenue Model

The platform's revenue model is based on facilitating data transactions and authentication services, not on interest-bearing activities or prohibited industries.