TMPL
Crypto Overview
Overview
Temple (TMPL) is a cryptocurrency that was launched in August 2023 on the Ethereum network. The project positions itself as a decentralized religion bridging spirituality with blockchain technology. The token serves as the native currency within the Temple ecosystem.
Purpose and Utility
The primary stated purpose of TMPL is to serve as a governance token for the Temple DAO (Decentralized Autonomous Organization), allowing holders to participate in decision-making processes. The token is also used for staking within the Temple protocol.
Business Model and Current Usage
The project operates through a DAO structure where token holders can participate in governance decisions. The protocol includes staking mechanisms and community-driven initiatives. The actual usage currently aligns primarily with trading and staking activities.
Development and Adoption
The project maintains an active development presence on GitHub, with regular updates to their smart contracts and protocol infrastructure. The Temple community shows engagement through their Discord and social media channels.
Token Distribution
The token distribution includes allocations for the DAO treasury, team members, and public distribution. While specific vesting schedules are in place for team allocations, detailed information about exact distributions is limited.
Technology Assessment
The underlying technology is based on standard Ethereum smart contracts, primarily focusing on DAO governance and staking functionality. The protocol does not involve interest-bearing mechanisms or lending protocols.
Crypto Impact
To assign a comfort level investing in TMPL 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 TMPL.
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.