Decimal
Crypto Overview
Overview and Intended Utility
Decimal (DEL) is a blockchain platform that aims to provide a multi-asset blockchain ecosystem focusing on asset tokenization and staking services. The project presents itself as a platform enabling users to create custom tokens and implement staking mechanisms.
Business Model Analysis
The platform's primary focus appears to be on providing infrastructure for token creation and staking services. The business model involves facilitating token creation, validation through Proof of Stake, and network governance.
Actual Utility Assessment
Current usage data shows limited adoption compared to similar platforms. While the technology appears functional, the ecosystem shows moderate developer activity and limited real-world applications beyond basic token creation and staking.
Founder and Token Analysis
The token distribution model shows a significant portion allocated to the team and early investors, with partial vesting schedules in place. Marketing efforts appear balanced with development activities, though detailed technical documentation is somewhat limited.
Technical Implementation
The platform operates on a Proof of Stake consensus mechanism, allowing token holders to participate in network validation. The staking mechanism appears to follow profit-sharing principles rather than traditional interest-based returns, which is relevant for Sharia compliance.
Crypto Impact
To assign a comfort level investing in Decimal 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 Decimal.
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.