Thrupenny
Crypto Overview
Overview
Thrupenny (TPY) is a relatively new cryptocurrency project launched in 2023. The project aims to create a decentralized payment network focused on micropayments and small transactions.
Purpose and Utility
The stated purpose of Thrupenny is to facilitate low-cost digital payments, particularly for small amounts that would be impractical with traditional payment systems. The project emphasizes efficiency in micropayments and claims to offer lower transaction fees compared to conventional payment networks.
Business Model and Operations
The project operates on a proof-of-stake consensus mechanism, allowing token holders to participate in network validation. The business model appears straightforward, focusing on transaction fees from payment processing.
Development and Adoption
Development activity appears to be ongoing, though still in early stages. The project maintains an active GitHub repository with regular commits. Current adoption metrics show limited but growing usage, which is normal for a relatively new project.
Token Distribution
Initial token distribution shows a reasonable allocation with 40% reserved for community growth, 30% for development, 20% for the team (with multi-year vesting), and 10% for early investors.
Technical Architecture
The platform utilizes standard blockchain technology for processing transactions, with no apparent integration of interest-bearing mechanisms or gambling features.
Crypto Impact
To assign a comfort level investing in Thrupenny 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 Thrupenny.
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.