Astar (Moonbeam)
Crypto Overview
Overview
Astar Network is a multi-chain decentralized application (dApp) hub on Polkadot that supports both EVM and WebAssembly smart contracts. It aims to be a smart contract platform that supports multiple virtual machines and provides developers with incentives to build through its Build2Earn model.
Purpose and Utility
The primary purpose of ASTR tokens is to serve as the native token of the Astar Network, used for network governance, staking, and paying transaction fees. The token has clear utility within the ecosystem, including: Supporting dApp staking where users can stake tokens to support their favorite dApps, Facilitating network governance through voting, Paying for transaction fees on the network.
Business Model Evaluation
The business model focuses on providing infrastructure for decentralized applications and supporting developers. The platform's core activities appear to align with halal principles, as they involve legitimate technological development and value creation. No evidence was found of the platform facilitating impermissible activities like gambling or interest-based lending.
Real-World Adoption
Astar has established notable partnerships with major companies including Microsoft, Amazon Web Services, and Toyota. The network hosts numerous active dApps and maintains consistent development activity. On-chain metrics show regular network usage for its intended purposes.
Token Distribution and Governance
The token distribution includes allocations for ecosystem development, team, and community with appropriate vesting schedules. The project maintains transparent governance processes and regular development updates.
Crypto Impact
To assign a comfort level investing in Astar (Moonbeam) 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 Astar (Moonbeam).
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.