Drac (Ordinals)
Crypto Overview
Overview
Drac is a Bitcoin Ordinals project that creates digital artifacts directly on the Bitcoin blockchain. The project leverages Bitcoin's Ordinals protocol to inscribe and transfer unique digital assets.
Purpose and Utility
The primary stated purpose of Drac is to serve as a collectible digital asset on Bitcoin, utilizing the Ordinals protocol. The project aims to create tradeable digital artifacts that exist natively on the Bitcoin blockchain.
Current Usage
The token is primarily being used as intended - as a tradeable digital collectible on Bitcoin. Users can buy, sell, and transfer their Drac ordinals through various Bitcoin Ordinals marketplaces.
Development Activity
As an Ordinals project, Drac operates on Bitcoin's established infrastructure. The primary development activity revolves around the creation and distribution of the digital artifacts.
Token Distribution
Specific details about token distribution are limited, which is common for Ordinals projects as they operate differently from traditional cryptocurrencies. The tokens are minted through the inscription process on Bitcoin.
Revenue Model
The project generates revenue through the initial sale of Drac ordinals. Subsequent trades occur peer-to-peer on various marketplaces.
Crypto Impact
To assign a comfort level investing in Drac (Ordinals) 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 Drac (Ordinals).
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.