Tectum
Crypto Overview
Overview
Tectum is a blockchain platform that claims to be the world's fastest blockchain, capable of processing over 1 million transactions per second. The project utilizes a proprietary Softnode technology and aims to provide instant, feeless transactions through its SoftNote payment system.
Purpose and Utility
The primary stated purposes of TET token include: serving as the native currency for the Tectum ecosystem, functioning as a governance token for the platform, and facilitating transactions within the network. The token is actively used for these purposes within the ecosystem.
Business Model Analysis
The platform's business model focuses on providing high-speed transaction processing and payment solutions. The model appears transparent and doesn't involve inherently prohibited activities like interest-based lending or gambling.
Development and Adoption
The project shows ongoing development activity with regular updates to its technology stack. The platform has established partnerships with various organizations and continues to expand its ecosystem. The development team is publicly known and maintains active communication with the community.
Token Distribution
The token distribution appears reasonable with defined allocations for development, marketing, and ecosystem growth. There are vesting schedules in place for team tokens, which helps align long-term interests.
Revenue Model
The platform generates revenue through transaction fees and ecosystem services, which are permissible under Islamic finance principles as they represent payment for actual services rendered.
Crypto Impact
To assign a comfort level investing in Tectum 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 Tectum.
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.