FreeRossDAO
Crypto Overview
Purpose and Utility
FreeRossDAO is a decentralized autonomous organization (DAO) created to support Ross Ulbricht, the founder of Silk Road who is currently serving a life sentence. The FREE token serves as a governance token for the DAO, allowing holders to vote on proposals related to advocating for Ross's freedom and supporting criminal justice reform initiatives.
Business Model Analysis
The project operates through the sale of NFTs and governance tokens, with proceeds going towards advocacy efforts and criminal justice reform initiatives. The token holders can participate in governance decisions regarding fund allocation and advocacy strategies.
Real-World Adoption
The project has demonstrated actual utility through its governance mechanisms and successful fundraising efforts. The DAO successfully raised over $12 million to bid on Ross Ulbricht's NFT collection, though usage metrics indicate relatively modest regular participation in governance.
Development Activity
The project maintains basic DAO infrastructure but does not require extensive ongoing technical development. The focus is primarily on advocacy and governance rather than technical innovation.
Token Distribution and Founder Analysis
The token distribution appears to be relatively well-distributed among community members, with no concerning concentration in founder wallets. The project's leadership team is transparent about their identities and objectives.
Crypto Impact
To assign a comfort level investing in FreeRossDAO 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 FreeRossDAO.
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.