Suku

Halal Rating :
Questionable
Last Price $0.07 Last updated:
Rank 894
1D Change 4.48 %
Market Cap $26.23m
Circulating supply 374,511,574
Maximum supply None

Crypto Overview

Categories
  • DeFi

Overview

SUKU is a blockchain-based ecosystem designed to enhance supply chain transparency and traceability. The SUKU token serves as the native utility token of the platform, primarily used for governance and accessing various supply chain services.

Intended Utility

The primary purpose of SUKU is to facilitate transparent and efficient supply chain operations. The token is designed to incentivize participants in the supply chain ecosystem, enable access to supply chain services, and provide governance rights to token holders.

Actual Utility

SUKU has established partnerships with various organizations and brands, including implementing track-and-trace solutions for different industries. The platform has seen real-world adoption in sectors such as fashion, retail, and agriculture. The development team maintains regular updates to the platform and its infrastructure.

Token Distribution and Governance

The token distribution includes allocations for team members, advisors, and early investors with standard vesting periods. The project maintains transparency regarding token allocations and vesting schedules. The development team has demonstrated consistent commitment to building and improving the platform's infrastructure.

Technology and Revenue Model

SUKU's technology focuses on supply chain transparency and does not involve interest-based mechanisms. The revenue model is based on platform usage fees and value creation through improved supply chain efficiency. The project does not facilitate or promote any activities that would be considered haram under Islamic principles.

Crypto Impact

To assign a comfort level investing in Suku 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 Suku.

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.