Auctus
Crypto Overview
Overview
Auctus was launched as a blockchain-based platform for retirement planning and investment services. The AUC token was designed to serve as a utility token within the Auctus ecosystem, intended for platform governance and fee payments.
Purpose and Utility
The stated purpose of AUC tokens was to facilitate retirement planning services and provide governance rights within the Auctus platform. Token holders were meant to be able to participate in platform decisions and pay for services using AUC.
Current Status
As of 2024, the project appears to be inactive with minimal to no development activity. The official website is no longer accessible, and there is very limited recent information available about the project's current operations or utility.
Token Distribution and Business Model
The original business model focused on retirement planning services, which in principle could be compatible with Islamic finance if structured appropriately. However, due to the project's current inactive status, it's not possible to evaluate how the intended utility was implemented or whether it achieved meaningful adoption.
Development Activity
There is no evidence of recent development activity or ecosystem growth. The project's social media channels and GitHub repositories show no recent updates.
Crypto Impact
To assign a comfort level investing in Auctus 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 Auctus.
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.