Doric Network
Crypto Overview
Overview
Doric Network is a Layer-1 blockchain platform launched in late 2023. It aims to provide a scalable blockchain infrastructure optimized for decentralized applications and Web3 services. The project emphasizes cross-chain interoperability and claims to offer high transaction throughput.
Purpose and Utility
The DRC token serves as the native currency of the Doric Network ecosystem, used for transaction fees, staking, and governance. Token holders can participate in network validation through staking and vote on protocol upgrades and parameters.
Business Model Analysis
The platform's core functionalities appear to align with halal principles as they focus on providing technological infrastructure and facilitating legitimate digital asset transfers. There is no evidence of the platform directly engaging in impermissible activities like interest-based lending or gambling.
Development and Adoption
The project is in its early stages with active development ongoing. While current adoption metrics are limited, this is typical for new blockchain platforms and does not impact halal classification.
Token Distribution
Initial token distribution includes allocations for development, ecosystem growth, and team incentives. While specific vesting details are not fully public, this structure is standard for blockchain projects and doesn't indicate concerning patterns.
Crypto Impact
To assign a comfort level investing in Doric Network 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 Doric Network.
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.