Ark

Halal Rating :
Comfortable
Last Price $0.41 Last updated:
Rank 437
1D Change 2.89 %
Market Cap $76.5m
Circulating supply 186,620,670
Maximum supply None

Crypto Overview

Categories
  • DPoS
  • Marketplace
  • Payments
  • State Channel
  • Polygon Ecosystem

Overview

Ark is a blockchain platform designed to provide a framework for creating interconnected blockchains and developing decentralized applications (dApps). The project aims to simplify blockchain development and implementation through its modular architecture and customizable toolset.

Purpose and Utility

The ARK token serves multiple purposes within its ecosystem: It functions as a governance token for the Ark blockchain network, enables transactions between different blockchain networks through the Ark SmartBridge Technology, and serves as payment for network services and transaction fees.

Business Model Analysis

The platform's business model focuses on providing blockchain development tools and interoperability solutions. The revenue model is based on network usage fees paid in ARK tokens, which is permissible from an Islamic finance perspective as it represents payment for actual services.

Development Activity and Adoption

The project maintains active development on GitHub, with regular updates to its core platform and tools. While adoption remains limited compared to larger blockchain platforms, there is consistent activity in terms of network transactions and development.

Token Distribution

The initial token distribution included allocations for the founding team and early contributors with vesting periods. Current token distribution shows a relatively decentralized ownership pattern, with no concerning concentration of tokens.

Technology and Revenue Structure

Ark's technological framework primarily focuses on blockchain development and interoperability, avoiding interest-based mechanisms or lending protocols. The revenue structure is based on service fees and network usage, which aligns with Islamic financial principles.

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