X Protocol
Crypto Overview
Overview
X Protocol (POT) is a decentralized network designed to facilitate cannabis-related transactions and supply chain management through blockchain technology.
Purpose and Utility
The primary stated purpose of X Protocol is to provide a transparent payment and tracking system for the legal cannabis industry. The token is used for payments between vendors, suppliers, and customers, as well as for tracking product origin and maintaining supply chain integrity.
Business Model Analysis
The project focuses on the cannabis industry, which involves substances that are generally considered haram in Islamic law. While the blockchain technology itself is neutral, the token's primary use case is directly tied to facilitating trade in cannabis products.
Adoption and Usage
The protocol has established partnerships with several legal cannabis dispensaries and suppliers in regions where cannabis is legal. On-chain data shows active usage for supply chain tracking and payments within the cannabis ecosystem.
Development Activity
The project maintains an active development team with regular updates to the protocol. The GitHub repository shows consistent commits and improvements to the platform's functionality.
Token Distribution
15% of tokens are allocated to the founding team with a 3-year vesting period. 25% was sold in the initial token sale, and 60% is reserved for ecosystem development and community incentives.
Crypto Impact
To assign a comfort level investing in X Protocol 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 X Protocol.
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.