WATTTON
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in WATTTON 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 WATTTON.
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.