Root Protocol
Crypto Overview
Overview
Root Protocol (ROOT) is a decentralized cryptocurrency project built on the Cosmos blockchain ecosystem. The project aims to create a decentralized marketplace for real-world assets, with ISME (formerly ROOT) serving as the governance and utility token.
Purpose and Utility
The primary stated purpose of Root Protocol is to facilitate the trading of real-world assets in a decentralized manner. The ISME token is used for governance voting, staking, and as a medium of exchange within the protocol's ecosystem.
Business Model Analysis
Root Protocol's business model centers around creating a bridge between traditional assets and decentralized finance. The protocol allows users to tokenize and trade real-world assets, with all transactions recorded on the blockchain for transparency. This model aligns with Islamic principles as it involves actual asset ownership and transfer of value.
Development and Adoption
The project is in its early stages of development, with ongoing work on its core infrastructure. While adoption is currently limited, this is not inherently problematic from a Shariah compliance perspective. The development team maintains regular updates and community engagement through their official channels.
Token Distribution
The token distribution includes allocations for development, community incentives, and ecosystem growth. While specific details about founder allocations are not publicly available, the project implements vesting periods for team tokens, which helps align long-term incentives.
Crypto Impact
To assign a comfort level investing in Root Protocol 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 Root Protocol.
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.