SunContract
Crypto Overview
Purpose and Intended Use
SunContract (SNC) is an energy trading platform built on the Ethereum blockchain that aims to enable peer-to-peer trading of renewable energy between producers and consumers. The SNC token is designed to facilitate transactions within this ecosystem.
Business Model Evaluation
The project's core business model revolves around creating a decentralized energy market, which aligns with halal principles as it involves the legitimate exchange of goods (electricity) and services. The platform does not involve interest-bearing products or other prohibited activities.
Real-World Adoption
SunContract has demonstrated some real-world implementation, particularly in Slovenia where it has established partnerships with energy providers. The platform has been licensed by the Slovenian regulatory authorities for energy trading.
Platform Development
While development activity appears to be ongoing, it is relatively modest compared to larger blockchain projects. The team maintains regular updates to their platform and has expanded their energy trading marketplace.
Token Distribution and Governance
The token distribution appears reasonable, with no concerning concentration in founder wallets. The project launched through an ICO in 2017, and tokens have been distributed among various stakeholders including users of the platform.
Crypto Impact
To assign a comfort level investing in SunContract 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 SunContract.
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.