Charli3
Crypto Overview
Project Overview
Charli3 (C3) is a decentralized oracle network built specifically for the Cardano blockchain ecosystem. Its primary purpose is to provide reliable, real-world data feeds to smart contracts operating on Cardano.
Intended Use Cases
The C3 token serves multiple utilities within the Charli3 ecosystem: It's used for governance voting on protocol decisions, node operation collateral, and payment for oracle services. Node operators must stake C3 tokens to participate in the network and earn rewards for providing accurate data.
Current Implementation and Development
The project is actively developing its oracle infrastructure, though it's still in relatively early stages compared to more established oracle networks. The team maintains regular development updates and has established partnerships within the Cardano ecosystem.
Business Model Analysis
The core business model revolves around providing decentralized data services, which is a legitimate and needed service in the blockchain space. The revenue model is based on service fees paid by smart contracts using the oracle network, which is distributed to node operators and token holders.
Token Distribution and Governance
The token distribution includes allocations for development, team incentives, and public sale participants. While specific vesting details are public, there is a significant portion reserved for the team and development fund, which is common for infrastructure projects of this nature.
Sharia Compliance Analysis
The fundamental utility of providing oracle services represents a legitimate exchange of value. The staking mechanism used for node operation serves a practical purpose in securing the network and doesn't constitute interest-bearing lending. The project doesn't facilitate any explicitly prohibited activities like gambling or interest-based lending.
Crypto Impact
To assign a comfort level investing in Charli3 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 Charli3.
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.