Unseen
Crypto Overview
Overview
Unseen (UNCN) is a privacy-focused cryptocurrency that aims to provide anonymous transactions while maintaining compliance with regulatory requirements. The project's stated purpose is to enable private financial transactions while incorporating optional transparency features for regulatory compliance.
Purpose and Utility
The primary utility of UNCN is to serve as a medium of exchange with enhanced privacy features. The protocol implements zero-knowledge proofs and optional view keys that allow users to selectively share transaction details with relevant parties.
Business Model Assessment
The business model appears to focus on legitimate privacy technology implementation rather than prohibited activities. The protocol itself does not facilitate lending, gambling, or other haram activities. The privacy features are designed to protect user data while maintaining the ability to comply with legitimate regulatory requirements.
Real-World Adoption
Current adoption appears to be in early stages, with most activity centered around development and initial implementation. On-chain data shows regular transaction activity, though volume remains modest.
Development Activity
The project maintains active development on GitHub with regular commits and updates. The development team appears to be focused on improving the core privacy technology and expanding integration capabilities.
Token Distribution
Initial token distribution allocated 15% to the development team with a 2-year vesting period. The remaining tokens were distributed through mining and initial exchange offerings. This distribution model appears reasonable and aligned with project development needs.
Crypto Impact
To assign a comfort level investing in Unseen 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 Unseen.
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.