Agoric
Crypto Overview
Overview
Agoric is a smart contract platform built on the Cosmos ecosystem that enables developers to create and deploy secure JavaScript-based smart contracts. The BLD token serves as the native cryptocurrency of the Agoric blockchain, used for staking, governance, and securing the network.
Purpose and Utility
The primary purpose of BLD is to secure the Agoric network through proof-of-stake validation and governance. Token holders can stake BLD to validators or become validators themselves, participating in network consensus and earning rewards for securing the network. Additionally, BLD holders can participate in governance decisions affecting the protocol's development.
Business Model Analysis
The platform's business model focuses on providing a secure smart contract development environment using JavaScript, making blockchain development more accessible to mainstream developers. The model is transparent and does not involve any inherently prohibited activities in Islamic finance.
Development and Adoption
Agoric maintains active development, with regular updates to their protocol and tools. The project has partnerships with notable organizations in the blockchain space and continues to build its ecosystem. While adoption is still in early stages, this does not affect its Sharia compliance.
Token Distribution
The token distribution includes allocations for the founding team, early investors, and community development, with appropriate vesting schedules to align long-term incentives. The distribution model appears designed for sustainable ecosystem growth rather than quick profit-taking.
Crypto Impact
To assign a comfort level investing in Agoric 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 Agoric.
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.