Arcblock
Crypto Overview
Project Overview
Arcblock is a blockchain platform and ecosystem designed to build and deploy decentralized applications (dApps). The project aims to bridge Web2 and Web3 technologies, providing developers with tools to create blockchain-powered applications that are both scalable and user-friendly.
Intended Utility
The ABT token serves multiple purposes within the Arcblock ecosystem: It acts as a utility token for accessing platform services, enables participation in platform governance, and facilitates payment for network resources. The platform includes features like decentralized identity solutions, cross-chain interoperability, and cloud computing capabilities.
Actual Utility Assessment
Current usage appears limited compared to the project's ambitious goals. While the platform maintains active development, with regular GitHub commits and technical updates, adoption metrics suggest moderate real-world implementation. The project has established partnerships with various technology companies and academic institutions, though the practical application of these partnerships remains somewhat limited.
Token Distribution and Governance
Initial token distribution allocated 45% to the public sale, 15% to the foundation, 15% to the team, 15% to ecosystem development, and 10% to advisors and early investors. Team tokens had a vesting period of 2 years, indicating some protection against immediate selling pressure. The project maintains transparent documentation of token usage and regular development updates.
Revenue Model and Operations
The platform generates revenue through legitimate means, including network fees, service charges for platform usage, and ecosystem development activities. The business model does not involve interest-based mechanisms or prohibited activities under Islamic law.
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.