Avian
Crypto Overview
Overview
Avian Network (AVN) is a cryptocurrency that forked from Ravencoin in 2021. It aims to provide a blockchain platform focused on asset tokenization and transfer while maintaining ASIC-resistance through its X16RT mining algorithm.
Purpose and Utility
The primary intended use cases of Avian include: Asset tokenization for creating and transferring digital assets, Decentralized file storage system, Messaging system using the blockchain, and Proof of Work mining with ASIC resistance.
Business Model Analysis
The business model appears focused on providing a legitimate blockchain infrastructure for asset tokenization and transfer. The project does not involve inherently prohibited activities like interest-based lending or gambling.
Development and Adoption
The project maintains active development on GitHub, with regular updates to the core protocol. While adoption remains limited, there is evidence of ongoing community engagement and network usage for its intended purposes.
Token Distribution
Avian launched with no pre-mine and no ICO, meaning all tokens are created through mining, which suggests a fair distribution model. There was no founder allocation or team reserves.
Crypto Impact
To assign a comfort level investing in Avian 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 Avian.
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.