Chromia
Crypto Overview
Project Overview
Chromia is a blockchain platform designed to make it easier to build decentralized applications (dApps). It was launched in 2019 and uses a unique relational blockchain architecture that combines aspects of traditional databases with blockchain technology.
Purpose and Utility
The primary purpose of CHR token is to serve as the native currency of the Chromia ecosystem. It is used for: paying for hosting and operational fees on the network, participating in governance decisions, and serving as a medium of exchange within Chromia-based applications.
Business Model Assessment
The platform's business model focuses on providing blockchain infrastructure for developers and enterprises. The revenue model is based on legitimate service provision rather than interest-bearing activities. The platform does not inherently facilitate any haram activities.
Development and Adoption
Chromia maintains active development, with regular GitHub commits and platform updates. The project has established partnerships with gaming companies and enterprises, particularly in Sweden and Southeast Asia. Notable projects built on Chromia include My Neighbor Alice and Mines of Dalarnia.
Token Distribution
The initial token distribution allocated 37.5% to the team and advisors with a vesting period of 4 years. The remaining tokens were distributed through public sales and ecosystem development. While the team allocation is significant, the presence of long-term vesting schedules indicates commitment to long-term development.
Crypto Impact
To assign a comfort level investing in Chromia 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 Chromia.
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.