Unobtanium
Crypto Overview
Overview
Unobtanium (UNO) is a proof-of-work cryptocurrency launched in 2013, designed to be a scarce digital asset with a maximum supply of only 250,000 coins. It was created as a store of value cryptocurrency with an emphasis on scarcity, similar to Bitcoin but with an even more limited supply.
Purpose and Utility
The primary intended purpose of Unobtanium is to serve as a store of value and medium of exchange, with its extremely limited supply making it one of the scarcest cryptocurrencies in existence. The project aims to create digital scarcity through its low maximum supply and decreasing block rewards.
Current Usage and Adoption
Trading volume and market activity for Unobtanium have become extremely limited in recent years. The project appears to have minimal current development activity, though the blockchain remains operational. The primary use case remains as a tradeable digital asset, though with very limited liquidity.
Token Distribution
Unobtanium had no pre-mine or ICO, with all coins being created through proof-of-work mining. This suggests a fair distribution model without founder allocation. The mining rewards follow a halving schedule similar to Bitcoin's.
Technology and Revenue Model
The cryptocurrency operates on its own blockchain using a proof-of-work consensus mechanism. It does not involve lending, interest, or other potentially problematic mechanisms from an Islamic finance perspective. The basic technology simply enables peer-to-peer transfer of value.
Crypto Impact
To assign a comfort level investing in Unobtanium 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 Unobtanium.
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.