Alchemist
Crypto Overview
Overview
Alchemist is a decentralized organization (DAO) focused on developing tools and products for the DeFi ecosystem. The MIST token serves as the governance token for the Alchemist ecosystem and grants holders voting rights on protocol decisions.
Purpose and Utility
The primary stated purpose of MIST is to serve as a governance token for the Alchemist ecosystem. Token holders can participate in protocol governance decisions and shape the future direction of the project.
Business Model Analysis
The project focuses on developing DeFi tools and protocols. The core product is Crucible, a system for creating non-fungible positions in DeFi protocols. The project also developed Copper, a launch platform for new tokens.
Real World Adoption
The project has seen moderate adoption within the DeFi ecosystem. The Crucible product has been used to create NFT positions, though usage remains relatively niche. The governance system is active with regular proposals and voting.
Development Activity
The project maintains active development with regular updates to its core products. The team continues to iterate on existing products and develop new tools for the DeFi ecosystem.
Token Distribution
The token distribution appears fairly distributed, with no excessive concentration among founders or early investors. The project implemented a fair launch mechanism where tokens were distributed through mining.
Crypto Impact
To assign a comfort level investing in Alchemist 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 Alchemist.
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.