TurtleCoin
Crypto Overview
Overview
TurtleCoin was launched in December 2017 as a privacy-focused cryptocurrency that aimed to make private digital transactions more accessible and user-friendly. It was built on CryptoNote protocol, similar to Monero, but with modifications to make it more approachable for beginners.
Purpose and Utility
The primary intended use case for TurtleCoin was to serve as a private, fast, and easy-to-use medium of exchange. The project emphasized simplicity in its approach to privacy-focused transactions.
Development Status
As of 2023, TurtleCoin appears to be largely inactive. The project's GitHub repository shows minimal recent activity, and the official communication channels have been quiet. The last significant update to the project was the discussion of a v2 protocol that never materialized.
Business Model and Operations
TurtleCoin operated as a pure cryptocurrency focused on private transactions. It did not involve any lending, interest-bearing products, or gambling features. The project was community-driven and did not have an ICO or pre-mine, suggesting a fair launch.
Token Distribution
TurtleCoin had no pre-mine and no founder allocation, with all coins being distributed through mining. This indicates a fair distribution model without concentrated founder ownership.
Current Usage
Current usage of TurtleCoin appears to be minimal, with very low trading volumes and limited practical adoption. The project's ecosystem has largely become dormant.
Crypto Impact
To assign a comfort level investing in TurtleCoin 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 TurtleCoin.
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.