VIDT DAO
Crypto Overview
Purpose and Utility
VIDT DAO is a blockchain-based document certification and validation protocol. The project aims to provide a secure way to verify the authenticity and integrity of digital assets and documents through blockchain technology. The VIDT token serves as both a governance token for the DAO and as the primary medium of exchange within the ecosystem.
Business Model
The platform allows organizations to create unique digital fingerprints (hashes) of their documents and store them on the blockchain. These fingerprints can then be used to verify if documents have been tampered with. The business model is transparent and focused on providing real utility through document verification services.
Real-World Adoption
VIDT has established partnerships with several organizations, including AmSpec and NFT marketplaces. The protocol continues to be used for document verification purposes, though adoption remains relatively modest.
Development Activity
The project maintains active development, with regular updates to its core infrastructure. The transition to a DAO structure has increased community involvement in governance decisions.
Token Distribution
The token distribution appears reasonable, with no excessive concentration among founders or early investors. The project implemented a fair launch model with gradual token distribution.
Crypto Impact
To assign a comfort level investing in VIDT DAO 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 VIDT DAO.
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.