Astrafer
Crypto Overview
Overview
Astrafer (ASTRAFER) is a governance and utility token for the Astra Protocol, a decentralized on-chain KYC and dispute resolution protocol built on the Polygon network.
Purpose and Utility
The primary purpose of ASTRAFER is to serve as a governance token for the Astra Protocol ecosystem. Token holders can participate in decision-making processes regarding protocol updates and changes. Additionally, the token is used to pay for dispute resolution services within the protocol.
Business Model Analysis
The business model revolves around providing decentralized KYC and dispute resolution services, which are legitimate and halal activities. The protocol aims to bring trust and compliance to Web3 through these services.
Real-World Adoption
The project shows limited but existing adoption, with some partnerships in the DeFi space. The token is primarily used for governance voting and accessing protocol services.
Development Activity
The project maintains regular development updates and improvements to the protocol. The team appears to be actively working on expanding the ecosystem's functionality.
Token Distribution
Token distribution information is transparent, with clear allocations for team members, development, and community initiatives. Vesting schedules are in place for team tokens, which helps align long-term interests.
Crypto Impact
To assign a comfort level investing in Astrafer 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 Astrafer.
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.