Blurt
Crypto Overview
Overview
Blurt is a blockchain-based social media and content creation platform that forked from the Steem blockchain. It aims to reward content creators, curators, and platform participants with BLURT tokens. The platform operates on a delegated proof-of-stake (DPoS) consensus mechanism.
Purpose and Utility
The primary purpose of BLURT is to serve as the native cryptocurrency for the Blurt social media platform. Content creators earn BLURT tokens when their content receives upvotes from other users. The token is also used for governance purposes, allowing holders to vote on platform decisions and witness selection.
Business Model Analysis
The business model focuses on content creation and curation, similar to other blockchain-based social media platforms. Users can earn tokens through creating content, curating content, and running witness nodes. The platform does not involve any inherently haram activities like interest-based lending or gambling.
Real-World Adoption
The Blurt platform maintains active development and a small but engaged community of content creators and curators. While adoption is relatively limited compared to larger blockchain social media platforms, this does not impact its Sharia compliance status.
Token Distribution and Governance
BLURT tokens are primarily distributed through the platform's reward pool for content creation and curation. The project maintains transparent tokenomics and does not show signs of concerning concentration in founder holdings.
Crypto Impact
To assign a comfort level investing in Blurt 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 Blurt.
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.