Astro Cash
Crypto Overview
Overview
ASTRO is a governance and utility token for the Astroport decentralized exchange (DEX) on the Terra blockchain. The token is used for protocol governance and liquidity mining rewards.
Purpose and Utility
The primary purposes of ASTRO include: Governance rights over protocol parameters and development, Reward distribution to liquidity providers, Platform fee sharing mechanism.
Business Model Evaluation
The business model centers around decentralized exchange services and liquidity provision. The core functions do not inherently involve prohibited activities like interest-based lending or gambling. The DEX operates on transparent smart contracts with clear utility.
Real-World Adoption
Astroport has maintained active trading volumes and liquidity provision, though usage was impacted by the Terra ecosystem collapse. The project has since expanded to other chains to maintain utility.
Development Activity
The project maintains regular development updates and has an active GitHub repository. The team continues to deploy new features and maintain the protocol infrastructure.
Token Distribution
Initial token distribution included allocations for the team, development fund, and community incentives. Vesting schedules were implemented for team tokens to align long-term incentives.
Crypto Impact
To assign a comfort level investing in Astro Cash 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 Astro Cash.
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.