Ternoa
Crypto Overview
Understanding the Intended Utility
Ternoa is a layer-1 blockchain platform focused on building the future of NFT utility and data transmission. The project aims to provide a decentralized infrastructure for time-capsule NFTs, which enables users to securely transmit data across time with encryption capabilities. The CAPS token serves as the native currency of the Ternoa ecosystem, used for network fees, staking, and governance.
Business Model Analysis
The core business model revolves around providing blockchain infrastructure for data transmission and NFT utility cases. The platform enables developers to build dApps focused on data preservation and transmission. Key features include Transmission Protocol NFTs, Secret NFTs, and Time Capsule NFTs. The business model appears to align with halal principles as it provides clear technological utility without involvement in prohibited activities.
Real-World Adoption and Usage
The project shows active development with regular GitHub commits and ecosystem growth. Partnerships include collaborations with various blockchain projects and enterprises interested in utilizing the data transmission capabilities. The network currently operates with active validators and demonstrates genuine utility in its NFT and data transmission use cases.
Token Distribution and Governance
The CAPS token distribution includes allocations for ecosystem development, team, and community initiatives. The project implements vesting schedules for team tokens to prevent dump scenarios. The governance mechanism allows token holders to participate in protocol decisions through a DAO structure.
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.