Suku

Purpose and Utility

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, used for governance, staking, and accessing various supply chain services.

Business Model

The platform aims to provide transparency in supply chains through blockchain technology. Companies can use SUKU's solutions to track products, verify authenticity, and share product information with consumers. The business model focuses on legitimate commerce and doesn't involve any prohibited activities under Islamic law.

Real-World Adoption

SUKU has established partnerships with several companies and organizations for supply chain tracking. The platform has been particularly active in sectors like fashion, retail, and pharmaceuticals. However, current adoption remains limited compared to its potential scope.

Platform Development

The project maintains active development, with regular updates to its ecosystem. The team continues to work on expanding the platform's capabilities and improving its supply chain solutions.

Token Distribution and Governance

The token distribution shows a reasonable allocation between team members, development fund, and public circulation. Vesting schedules are in place for team tokens, indicating commitment to long-term development.