Trinity Network Credit
Crypto Overview
Overview
Trinity Network Credit (TNC) was originally developed as a scaling solution for NEO blockchain, aiming to provide off-chain scaling through state channels. The project intended to improve transaction speeds and reduce costs for the NEO ecosystem.
Purpose and Utility
The token was designed to serve as a payment method within the Trinity Network, facilitating fast and low-cost transactions through state channels. TNC tokens were meant to be used for paying transaction fees and maintaining state channels.
Current Status
Research indicates that Trinity Network Credit has become largely inactive, with minimal development activity in recent years. The official website is no longer accessible, and there is very limited current information available about the project's status or ongoing development.
Business Model Assessment
The original business model focused on providing legitimate blockchain infrastructure services, which aligns with halal principles as it involves the exchange of real utility and value. The project did not involve any inherently prohibited activities like interest-based lending or gambling.
Development and Adoption
Current development activity appears to be minimal or non-existent based on public repositories and community channels. The token's trading volume and usage metrics suggest very limited adoption of the intended use case.
Crypto Impact
To assign a comfort level investing in Trinity Network Credit 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 Trinity Network Credit.
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.