SEDA Protocol
Crypto Overview
Purpose and Utility
SEDA Protocol aims to be a decentralized video infrastructure network, allowing users to share resources for video processing and content delivery. The SEDA token functions as a utility token within this ecosystem, used for network governance, staking, and payment for video processing services.
Business Model Evaluation
The core business model focuses on decentralized video infrastructure services, which is inherently halal as it provides real utility through technological services. The platform does not directly facilitate any prohibited activities like gambling or interest-based lending.
Real-World Adoption
The protocol is in its early stages of development. While current adoption is limited, this does not impact its Sharia compliance status. The project has announced partnerships with several video content platforms, though specific usage metrics are not yet publicly available.
Platform Development
Development activity can be observed through the project's GitHub repositories, showing regular commits and updates to the core infrastructure. The team appears to be actively working on implementing the promised technological features.
Token Distribution and Governance
The token distribution includes allocations for development (30%), ecosystem growth (25%), team (20%), and public sale (25%). Team tokens are subject to a 3-year vesting period with a 6-month cliff, which helps align long-term incentives.
Crypto Impact
To assign a comfort level investing in SEDA 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 SEDA 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.