Sqts (Ordinals)
Crypto Overview
Overview
Sqts (SQTS) is a Bitcoin ordinals project, meaning it operates on the Bitcoin blockchain using the ordinals protocol which enables the inscription of digital assets directly onto individual satoshis.
Purpose and Utility
The primary stated purpose of SQTS is to serve as a utility token within the Bitcoin ordinals ecosystem. However, after thorough research, I was unable to find detailed documentation about specific use cases or utility beyond basic ordinals trading.
Business Model and Operations
As an ordinals-based token, SQTS allows for the transfer of actual digital assets on the Bitcoin blockchain. The project appears to focus primarily on enabling ordinals trading and transfer functionality.
Development Activity and Adoption
There is limited public information available about the development team, roadmap, or current adoption metrics. The project appears to be in an early stage with relatively basic functionality focused on ordinals trading.
Token Distribution
Detailed information about token distribution, vesting schedules, and founder allocations is not readily available in public sources.
Crypto Impact
To assign a comfort level investing in Sqts (Ordinals) 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 Sqts (Ordinals).
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.