Auric Network
Crypto Overview
Overview
Auric Network is a project that aims to create a decentralized synthetic commodity market, with their AUSCM token serving as the platform's native utility token for governance and transaction fees. The project is designed to allow users to gain exposure to commodity markets in a decentralized manner.
Purpose and Utility
The intended purpose of AUSCM is to provide utility within the Auric Network ecosystem, primarily for governance rights and payment of network fees. Token holders can participate in protocol governance decisions and pay transaction fees at a discount.
Business Model Analysis
The project's core functionality revolves around providing decentralized access to commodity markets. The business model appears transparent in its mechanics and operations. No evidence was found of involvement in prohibited activities like gambling or interest-based lending.
Development and Adoption
The project shows ongoing development activity, though specific metrics about current adoption levels are limited. The development team maintains regular updates to the protocol.
Token Distribution
Token distribution information shows a balanced allocation between team, development fund, and public distribution. Basic vesting schedules are in place for team tokens.
Technology Assessment
The underlying technology focuses on creating synthetic commodity markets through smart contracts. The technical implementation appears to be focused on actual asset ownership and value transfer rather than speculative gambling mechanisms.
Crypto Impact
To assign a comfort level investing in Auric Network 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 Auric Network.
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.