Retreeb
Crypto Overview
Project Overview
Retreeb is a cryptocurrency project that aims to create a more ethical payment system by redistributing transaction fees to social and environmental causes. The project operates on the Polygon network and promotes itself as an alternative to traditional payment systems.
Purpose and Utility
The primary stated purpose of TREEB is to serve as a payment token within the Retreeb ecosystem, where 30% of transaction fees are allocated to social and environmental projects chosen by the community. The platform intends to provide payment solutions while incorporating social responsibility.
Business Model Analysis
The business model appears to be based on processing payments while sharing transaction fees with charitable causes. This aligns with Islamic principles of social responsibility and charitable giving. The project does not appear to involve interest-bearing mechanisms or prohibited activities.
Development and Adoption
The project shows ongoing development activity, though adoption remains in early stages. The team maintains regular updates on their social media channels and development platforms. The project has partnerships with various organizations for implementing their payment solutions.
Token Distribution and Governance
The token distribution includes allocations for development, marketing, and community initiatives. The project implements a governance system where token holders can participate in decision-making regarding charitable allocations.
Technical Implementation
Retreeb operates as an ERC-20 token on the Polygon network, utilizing smart contracts for transaction fee distribution and governance mechanisms. The technical architecture appears transparent and well-documented.
Crypto Impact
To assign a comfort level investing in Retreeb 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 Retreeb.
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.