Astrafer

Overview

Astrafer (ASTRAFER) is the governance and utility token of Astra Protocol, a decentralized compliance layer designed to provide KYC, AML and legal assurance for DeFi and Web3 projects. The token provides voting rights in the protocol's governance and serves as the primary medium of exchange for compliance services within the ecosystem.

Purpose and Utility

The primary intended use cases for ASTRAFER include: Governance participation in the Astra Protocol, Payment for compliance and verification services, Staking to become service providers in the network, Access to premium features and services on the platform.

Business Model Evaluation

The business model focuses on providing legitimate compliance services to blockchain projects, which aligns with Islamic principles of transparency and ethical business practices. The protocol does not engage in interest-bearing activities or gambling.

Real-World Adoption

While the project is still in relatively early stages, it has established partnerships with several blockchain projects for compliance services. The token is actively traded on major exchanges and is being used for its intended governance purposes.

Platform Development

The project maintains active development with regular updates to its compliance infrastructure. The team continues to expand the protocol's capabilities and services offered.

Token Distribution

The token distribution includes allocations for the team, advisors, and early investors with standard vesting periods. While detailed tokenomics information is somewhat limited, there are no apparent red flags in the distribution model.