RetaFi
Crypto Overview
Purpose and Intended Use
RetaFi (RTK) is a cryptocurrency project focused on retail analytics and customer engagement in the Web3 space. The project aims to bridge traditional retail loyalty programs with blockchain technology, allowing merchants to create customized reward programs and consumers to earn and utilize tokens across multiple retailers.
Business Model Assessment
The platform's core functionalities include: merchant analytics tools, customer loyalty tracking, and a marketplace for redeeming rewards. The business model appears to be based on legitimate value exchange between merchants and customers, with no apparent involvement in prohibited activities like gambling or interest-based lending.
Real-World Adoption
The project is in its early stages, with limited but growing merchant adoption. While trading activity dominates current usage, this is common for early-stage tokens and doesn't affect halal compliance.
Development Activity
Development appears active with regular github commits and platform updates. The team maintains transparent communication about development progress through their official channels.
Token Distribution
The token distribution shows a balanced allocation: 30% for public sale, 20% for development, 20% for marketing and partnerships, 15% for team (with 2-year vesting), and 15% for ecosystem growth. The vesting schedule for team tokens suggests commitment to long-term development rather than short-term profit taking.
Crypto Impact
To assign a comfort level investing in RetaFi 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 RetaFi.
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.