Flow

Halal Rating :
Questionable
Last Price $0.74 Last updated:
Rank 87
1D Change 3.29 %
Market Cap $1.15b
Circulating supply 1,553,478,499
Maximum supply None

Crypto Overview

Categories
  • Platform
  • Collectibles & NFTs
  • Staking
  • Coinbase Ventures Portfolio
  • Coinfund Portfolio
  • DCG Portfolio
  • LedgerPrime Portfolio
  • a16z Portfolio
  • Animoca Brands Portfolio
  • Layer 1
  • SEC Security Token

Understanding Flow's Intended Utility

Flow is a blockchain platform designed specifically for NFTs and decentralized applications, with a focus on gaming, entertainment, and digital collectibles. Created by Dapper Labs, the team behind CryptoKitties and NBA Top Shot, Flow aims to solve scalability issues while maintaining decentralization.

Platform Features and Technical Implementation

Flow implements a unique multi-role architecture that separates consensus nodes into four distinct types: Collection, Consensus, Execution, and Verification. This design allows for better scalability without compromising security or decentralization. The platform uses a Proof-of-Stake consensus mechanism and features smart contract capability through the Cadence programming language.

Current Usage and Adoption

Flow has achieved significant adoption through high-profile partnerships and applications. NBA Top Shot, which runs on Flow, has processed millions of transactions. Other notable projects include NFL ALL DAY, UFC Strike, and various gaming applications. The ecosystem continues to expand with new developers and projects joining regularly.

Token Distribution and Governance

Flow's token distribution includes allocations to the team, early investors, and the community. The initial token distribution was: 20% to the team and founders (with vesting), 25% to early investors (with vesting), and 55% to the community and ecosystem development. Vesting schedules are transparent and extend over multiple years to ensure long-term alignment.

Revenue Model and Use Cases

FLOW tokens are used for: 1) Staking to secure the network, 2) Transaction fees, 3) Collateral for secondary tokens, 4) Governance participation. The platform generates revenue through transaction fees and ecosystem activity, with no interest-based mechanisms in its core protocol.

Crypto Impact

To assign a comfort level investing in Flow 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 Flow.

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.