Soil
Crypto Overview
Project Overview
Soil is a cryptocurrency that aims to support environmental conservation and regenerative agriculture through blockchain technology. The token was developed on the Ethereum blockchain as an ERC-20 token.
Purpose and Utility
The stated purpose of SOIL is to create a decentralized ecosystem that incentivizes and rewards sustainable agricultural practices and environmental conservation efforts. It aims to connect farmers, environmentalists, and investors in a transparent system where sustainable practices are tokenized and rewarded.
Business Model and Current Usage
The project appears to be in very early stages of development. While the white paper outlines ambitious goals for connecting sustainable agriculture with blockchain technology, current implementation and adoption appear limited. The token exists primarily as a tradable asset on decentralized exchanges.
Platform Development
Development activity appears minimal based on public GitHub repositories. The project's technical documentation and roadmap lack specific implementation details.
Token Distribution
Information about token distribution and vesting schedules is limited. The project's transparency regarding token allocation could be improved.
Revenue Model
The current revenue model primarily relies on token trading. Future plans include implementing a system for tokenizing environmental credits and sustainable farming practices, though these features are not yet implemented.
Crypto Impact
To assign a comfort level investing in Soil 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 Soil.
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.