Coldstack
Crypto Overview
Project Overview
Coldstack is a decentralized cloud storage aggregator platform that aims to provide users with access to multiple cloud storage providers through a single interface. The CLS token serves as the native utility token of the ecosystem, used for payments, governance, and platform operations.
Intended Purpose & Actual Usage
The primary purpose of CLS is to facilitate transactions within the Coldstack ecosystem, allowing users to pay for storage services and participate in platform governance. The token is actively used for its intended purposes within the platform's infrastructure.
Business Model Analysis
The business model focuses on providing a legitimate service in the cloud storage industry, aggregating various storage solutions to optimize costs and efficiency for users. This core function aligns with halal principles as it provides real utility and involves the exchange of genuine services.
Real-World Adoption
The platform has established partnerships with major cloud storage providers and maintains active development. While adoption is still in early stages, there is evidence of genuine utility and ongoing platform usage.
Token Distribution & Vesting
The token distribution includes allocations for development, marketing, and team members with appropriate vesting schedules to ensure long-term commitment to the project. There are no concerning patterns in token distribution that would suggest a scheme to enrich founders.
Technology & Revenue Model
The platform's revenue model is based on legitimate service fees for storage aggregation and optimization. It does not involve interest-based mechanisms or prohibited activities under Islamic law.
Crypto Impact
To assign a comfort level investing in Coldstack 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 Coldstack.
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.