CoreStarter
Crypto Overview
Overview
CoreStarter (CSTR) is a launchpad platform built on the CORE blockchain that aims to help new projects raise capital and launch their tokens. The platform includes features for token sales, staking, and project incubation.
Purpose and Utility
The primary stated purpose of CSTR is to serve as a governance and utility token within the CoreStarter ecosystem. Token holders can participate in project launches, stake tokens for rewards, and vote on platform decisions.
Business Model Analysis
The platform facilitates token launches and capital raising in a transparent manner. The core business model appears to involve legitimate exchange of value between project creators and investors, with CSTR tokens serving as the medium for participation.
Development and Adoption
While the project appears to have a functional platform, current adoption metrics and development activity are difficult to verify due to limited public information. The project maintains basic social media presence but detailed technical documentation is sparse.
Token Distribution
Information about token distribution and vesting schedules is not readily available in public documentation, which creates some transparency concerns. However, this lack of information alone does not make the project impermissible from a Shariah perspective.
Crypto Impact
To assign a comfort level investing in CoreStarter 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 CoreStarter.
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.