Decimal
Crypto Overview
Overview
Decimal is a blockchain platform that aims to create a user-friendly environment for creating and managing custom tokens. The platform utilizes a Proof-of-Stake consensus mechanism and focuses on making blockchain technology more accessible to everyday users.
Purpose and Utility
The primary stated purpose of DEL is to serve as the native token of the Decimal blockchain, used for transaction fees, staking, and governance. The token is actively used for these purposes within the ecosystem.
Business Model and Platform Activity
The platform allows users to create custom tokens, participate in staking to secure the network, and engage in governance decisions. Development activity appears to be ongoing, with regular updates to the platform's infrastructure.
Token Distribution and Ecosystem
The token distribution includes allocations for staking rewards, development fund, and community initiatives. The project maintains a transparent approach to its token economics and governance structure.
Current Usage
The token is primarily used for: 1) Network transaction fees 2) Staking operations 3) Governance participation 4) Creating and managing custom tokens on the platform
Development and Technology
The platform employs Proof-of-Stake consensus, which is inherently halal as it involves actual asset ownership and network participation. The development team maintains regular updates and improvements to the platform.
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.