WATTTON

Overview

WATTTON (WATT) is a cryptocurrency project aiming to create a blockchain-based platform for energy trading and renewable energy certificate management. The platform purports to enable peer-to-peer energy trading and the tokenization of renewable energy certificates.

Purpose and Utility

The stated purpose of WATTTON is to facilitate decentralized energy trading and create a marketplace for renewable energy certificates. The platform aims to connect energy producers with consumers and enable transparent tracking of renewable energy usage.

Business Model Analysis

The business model appears to focus on legitimate energy trading and certificate management, which aligns with halal principles. There is no evidence of involvement in prohibited activities such as interest-bearing products or gambling.

Development and Adoption

While the project is in its early stages, there is evidence of ongoing development activity. The team has published technical documentation and maintains an active GitHub repository. However, real-world adoption remains limited at this time.

Token Distribution

The token distribution shows a relatively balanced allocation, with 30% reserved for development, 30% for public sale, 20% for the team (with a 2-year vesting period), and 20% for ecosystem growth and partnerships.

Revenue Model

The project generates revenue through transaction fees from energy trading and certificate issuance, which appears to be compliant with Islamic principles as it represents payment for actual services rather than interest-based income.