TruePNL
Crypto Overview
Overview
TruePNL (PNL) is a cryptocurrency token launched in 2023 that operates on the Ethereum blockchain. The project aims to provide a decentralized ecosystem for tracking and verifying trading performance.
Purpose and Utility
The stated purpose of TruePNL is to create a transparent system for traders to verify their trading history and performance metrics. The platform intends to address the issue of fraudulent trading claims by providing verifiable on-chain tracking of trading activities.
Business Model Assessment
The project's core functionality revolves around performance tracking and verification, which aligns with Islamic principles of transparency and truthfulness in business dealings. The platform does not inherently involve interest-based lending, gambling, or other prohibited activities.
Real-World Adoption
The project is in its early stages, with limited adoption so far. The development team appears to be actively working on the platform's infrastructure and establishing partnerships with trading platforms for integration.
Token Distribution
The token distribution includes allocations for development (30%), community rewards (25%), team (20%), and public sale (25%). Team tokens are subject to a 2-year vesting period with gradual unlocks.
Crypto Impact
To assign a comfort level investing in TruePNL 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 TruePNL.
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.