eosDAC
Crypto Overview
Purpose and Utility
eosDAC was created as a decentralized autonomous community (DAC) and block producer candidate for the EOS blockchain. Its primary purpose is to serve the EOS community by producing blocks and participating in network governance.
Business Model Assessment
The token serves as a governance mechanism for the DAC, allowing holders to participate in decision-making processes and receive rewards from block production activities. This model aligns with halal principles as it provides clear utility and involves legitimate value creation through network participation.
Real-World Adoption
Current usage appears limited, with the project seeing decreased activity in recent years. While the token continues to exist, its original mission of becoming a prominent EOS block producer has not materialized as initially envisioned.
Development Activity
Development activity has significantly decreased since the project's launch. The last major updates to the project's GitHub repositories were made several years ago.
Token Distribution and Governance
The token distribution was conducted through an airdrop to EOS token holders, which provided a fair initial distribution. The project implemented democratic governance mechanisms for token holders to participate in decision-making.
Crypto Impact
To assign a comfort level investing in eosDAC 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 eosDAC.
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.