Avalanche

Halal Rating :
Uncomfortable
Last Price $36.97 Last updated:
Rank 12
1D Change 1.37 %
Market Cap $14.15b
Circulating supply 382,645,220
Maximum supply 715,748,719

Crypto Overview

Categories
  • DeFi
  • Smart Contracts
  • Three Arrows Capital Portfolio
  • Polychain Capital Portfolio
  • Avalanche Ecosystem
  • CMS Holdings Portfolio
  • DragonFly Capital Portfolio
  • Moonriver Ecosystem
  • Injective Ecosystem
  • Layer 1

Avalanche is a high throughput smart contract blockchain platform. Validators secure the network through a proof-of-stake consensus protocol. It is said to be fast, low cost, and environmental friendly. Mainnet was launched in September 21, 2020. Since then, the platform has grown to secure over 100+ individual projects, $1.4M+ of AVAX burned (reducing supply), 950+ individual block-producing validators, and over 500k+ community members around the globe. Decentralized finance (DeFi) applications can be found on Avalanche such as Pangolin, TraderJoe, and more.

Crypto Impact

To assign a comfort level investing in Avalanche 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 Avalanche.

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.

Justification for our Halal Rating