Artrade
Crypto Overview
Project Overview
Artrade is a blockchain-based platform designed to facilitate the trading and authentication of digital art and NFTs. The ATR token serves as the native utility token of the Artrade ecosystem.
Purpose and Utility
The primary stated purpose of ATR is to serve as a governance and utility token within the Artrade ecosystem. Token holders can use ATR for platform fees, trading NFTs, and participating in platform governance decisions.
Business Model Evaluation
The platform's core business model involves creating a marketplace for digital art trading and verification, which aligns with halal principles as it facilitates legitimate trade of digital assets. There is no evidence of involvement in prohibited activities like gambling, interest-based lending, or adult content.
Real-World Adoption
Current adoption appears to be in early stages, with limited but growing transaction volume on the platform. While the project shows development activity, the ecosystem is still emerging.
Token Distribution and Governance
Token distribution includes allocations for development, marketing, and community incentives. Smart contracts indicate standard vesting periods for team tokens, which helps align long-term interests.
Technology and Development
The platform operates on a blockchain infrastructure with regular technical updates and improvements. The development team maintains an active GitHub repository with consistent commits.
Crypto Impact
To assign a comfort level investing in Artrade 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 Artrade.
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.