Arcblock
Crypto Overview
Overview
Arcblock is a platform designed to build and deploy decentralized applications (dApps). It aims to provide developers with tools and infrastructure to create blockchain-powered applications more easily, focusing on interoperability between different blockchain networks.
Purpose and Utility
The ABT token serves multiple functions within the Arcblock ecosystem: It is used for platform governance, paying for services within the network, and incentivizing network participants. The token is actively used for its intended purposes, particularly in network governance and service payments.
Business Model Analysis
Arcblock's business model focuses on providing blockchain development tools and infrastructure services. The platform does not involve any inherently prohibited activities like interest-based lending or gambling. Their revenue model is primarily based on service fees and platform usage.
Development and Adoption
The project maintains active development, with regular updates to their GitHub repositories. While adoption remains moderate, the platform has established partnerships with various technology companies and continues to expand its ecosystem.
Token Distribution
The token distribution appears reasonable with no concerning concentration among founders or early investors. There are appropriate vesting schedules in place for team allocations, demonstrating commitment to long-term development.
Crypto Impact
To assign a comfort level investing in Arcblock 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 Arcblock.
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.