Ternoa
Crypto Overview
Project Overview
Ternoa is a layer-1 blockchain platform focused on creating a decentralized data transmission protocol, with a particular emphasis on NFT technology and time capsule functionality. The CAPS token serves as the native utility token of the Ternoa ecosystem.
Intended Utility
The primary intended use cases for Ternoa include: Data transmission through NFTs, Time capsule NFTs for secure future data delivery, Decentralized storage solutions, and Network governance.
Actual Utility and Development
The project has demonstrated active development with several key features implemented: The mainnet is live and functional, NFT marketplace integration exists, Time capsule dApp is operational, and there is ongoing development of additional features. The development team maintains regular updates and transparent communication through their GitHub repository.
Token Distribution and Governance
The token distribution shows a structured allocation with vesting periods for team members and early investors. The project implements a proof-of-stake consensus mechanism where CAPS tokens are used for staking and validation.
Business Model Evaluation
The business model focuses on providing decentralized data transmission services and NFT functionality. The revenue model is based on network fees and token economics rather than interest-bearing mechanisms. No involvement in prohibited industries has been identified.
Additional Considerations
The staking mechanism implemented by Ternoa follows a profit-sharing model rather than an interest-bearing one, making it compliant with Islamic principles. The project's focus on data privacy and security aligns with ethical technology use.
Crypto Impact
To assign a comfort level investing in Ternoa 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 Ternoa.
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.