SmartMesh
Crypto Overview
Overview
SmartMesh is a blockchain-based project that aims to create a decentralized mesh network protocol, enabling mobile devices to communicate and conduct transactions without relying on traditional internet infrastructure. The project's native token, SMT, is used for network operations and transactions within the SmartMesh ecosystem.
Purpose and Utility
The intended purpose of SmartMesh is to provide internet connectivity solutions through mesh networking, particularly targeting areas with limited internet access. The SMT token serves as the primary medium of exchange within this network.
Business Model Analysis
The business model appears to focus on legitimate technological infrastructure development, with no apparent involvement in prohibited activities like gambling, interest-based lending, or adult content. The project's core focus on mesh networking technology aligns with permissible technological advancement.
Development and Adoption
While development activity appears to have significantly decreased in recent years, with limited updates to their Github repositories, this does not impact its Sharia compliance status. The project has shown minimal recent adoption and community engagement.
Token Distribution
The token distribution information is not readily available in recent sources, making it difficult to assess the current state of token holdings. However, this lack of information does not inherently affect its Sharia compliance status.
Crypto Impact
To assign a comfort level investing in SmartMesh 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 SmartMesh.
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.