Kaon

Halal Rating :
Uncomfortable
Last Price $0.00 Last updated:
Rank 1662
1D Change -2.30 %
Market Cap $2.76m
Circulating supply 4,436,209,630
Maximum supply None

Crypto Overview

Categories
  • DeFi
  • DAO
  • Substrate
  • Polkadot Ecosystem
  • Yield Aggregator
  • Yearn Partnerships
  • Kenetic Capital Portfolio
  • LedgerPrime Portfolio
  • Alameda Research Portfolio
  • Spartan Group

Project Overview

Akropolis (AKRO) is a DeFi protocol that aims to provide decentralized financial services. The platform was designed to offer savings products and yield generation opportunities through DeFi protocols.

Purpose and Utility

The AKRO token serves as a governance token for the Akropolis protocol, allowing holders to participate in protocol decisions. It also provides access to various DeFi services within the ecosystem.

Business Model Analysis

The core business model revolves around DeFi lending and yield generation, which involves interest-bearing activities. The platform facilitates lending and borrowing operations through various DeFi protocols, which is problematic from an Islamic finance perspective as it involves riba (interest).

Development and Adoption

The project has shown continuous development activity, with regular updates to its protocol. However, the primary use cases remain centered around lending and yield farming activities.

Token Distribution and Governance

The token distribution appears relatively balanced between team, investors, and community. There are vesting schedules in place for team and investor allocations. The project maintains active development and community engagement.

Crypto Impact

To assign a comfort level investing in Kaon 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 Kaon.

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.