Agoras: Currency of Tau

Halal Rating :
Comfortable
Last Price $1.71 Last updated:
Rank 606
1D Change 8.61 %
Market Cap $51.27m
Circulating supply 29,892,947
Maximum supply None

Crypto Overview

Categories
  • AI & Big Data
  • Ethereum Ecosystem

Overview and Intended Utility

Agoras is designed as the native currency for the Tau network, a proposed decentralized knowledge market and computational platform. The project aims to create a peer-to-peer network where users can exchange knowledge, computational resources, and services using formal logic and automated reasoning.

Business Model Assessment

The business model centers on creating a decentralized marketplace for knowledge and computational resources. The platform intends to facilitate the exchange of information and processing power without intermediaries, using smart contracts based on formal logic.

Development Activity and Real-World Usage

Current development activity appears minimal, with limited public updates on the project's progress. The most recent verifiable information shows that the project is still in development phase, with the main Tau platform yet to be fully implemented. On-chain data shows very low trading volume and limited actual utility usage.

Token Distribution and Founder Analysis

Information about token distribution is not readily transparent. The project was initiated by Ohad Asor, but detailed information about current token holdings, vesting periods, and lock-up agreements is not publicly available. Marketing efforts appear minimal, with focus primarily on technical development.

Crypto Impact

To assign a comfort level investing in Agoras: Currency of Tau 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 Agoras: Currency of Tau.

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Justification for our Halal Rating