ThreeFold
Crypto Overview
Purpose and Utility
ThreeFold (TFT) is the native token of the ThreeFold Grid, a decentralized internet infrastructure platform. The token serves as the medium of exchange for computing, storage, and network resources on the ThreeFold Grid. Farmers (node operators) earn TFT by providing infrastructure resources, while users spend TFT to access these computing resources.
Business Model Analysis
The business model centers around creating a decentralized cloud computing infrastructure, which aligns with halal principles as it provides genuine utility through tangible services. The platform enables users to host applications, store data, and utilize computing resources in a decentralized manner.
Real-World Adoption
ThreeFold has established partnerships with various organizations and currently maintains an active network of nodes across multiple continents. The grid consists of over 80 countries with active farming operations providing actual computing resources.
Platform Development
The project maintains active development with regular updates to its core technology stack. The ThreeFold Grid operates using Zero-OS, a proprietary operating system designed for decentralized computing. Development activity can be verified through their public GitHub repositories, showing consistent contributions.
Token Distribution
TFT is primarily distributed through farming (minting new tokens when new capacity is added to the grid) and through market operations. The token distribution model appears transparent, with clear documentation on how new tokens are generated and distributed.
Crypto Impact
To assign a comfort level investing in ThreeFold 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 ThreeFold.
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.