TNC Coin
Crypto Overview
Overview
TNC Coin is a cryptocurrency that was created to serve as the native token for the TNC IT Group's blockchain initiatives. The project claims to focus on blockchain integration services for businesses and real-world blockchain applications.
Purpose and Utility
The stated purpose of TNC Coin is to serve as a utility token within the TNC ecosystem, facilitating transactions and payments for blockchain integration services. The token is meant to be used for paying fees within their blockchain solutions platform.
Business Model Evaluation
The business model appears to focus on legitimate blockchain services and enterprise solutions, which aligns with halal principles. There is no evidence of the project being involved in impermissible activities such as interest-based lending or gambling.
Real-World Adoption
Current usage of TNC Coin appears to be primarily concentrated on cryptocurrency exchanges rather than its intended enterprise utility. While this doesn't affect its halal status, it indicates a gap between intended and actual usage.
Development Activity
The project maintains some level of development activity, though public information about specific technical progress is limited. The team continues to announce partnerships and business developments through their official channels.
Token Distribution
Token distribution information is publicly available, with a portion reserved for the team and development. While specific vesting details aren't clearly documented, this is not uncommon for projects of this nature and doesn't impact its halal status.
Crypto Impact
To assign a comfort level investing in TNC Coin 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 TNC Coin.
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.