Suku
Crypto Overview
Project Overview
SUKU is a blockchain-based ecosystem focused on supply chain transparency and traceability. The platform aims to provide end-to-end visibility for supply chains, enabling businesses to track products from origin to consumer. The SUKU token serves as the utility token powering the ecosystem.
Intended Utility
The SUKU token is designed to incentivize participation in the supply chain tracking system, reward validators who verify supply chain data, and facilitate governance of the protocol. The platform includes features like SUKU DeFi, SUKU Verified, and INFINITE NFT Marketplace.
Actual Utility Assessment
The project has established partnerships with several legitimate businesses for supply chain tracking, including working with major retailers and brands. The development team maintains regular updates to the platform, though adoption remains relatively limited compared to traditional supply chain solutions.
Token Distribution and Governance
The token distribution shows a relatively balanced allocation, with 30% reserved for ecosystem development, 25% for the team and advisors (with vesting periods), and 45% for public distribution. The vesting schedule for team tokens extends over 24 months, indicating a long-term commitment.
Revenue Model
The platform generates revenue through service fees from businesses using the supply chain tracking system, marketplace fees from NFT transactions, and optional premium features. These revenue streams do not involve interest-based mechanisms.
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.
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