Shadow Token
Crypto Overview
Purpose and Utility
Shadow Token (SHDW) is the native utility token of GenesysGo's Shadow Network, a decentralized storage solution built on the Solana blockchain. The token's primary purpose is to facilitate decentralized storage operations and serve as a governance mechanism for the Shadow Network infrastructure.
Business Model
The Shadow Network provides decentralized storage solutions, allowing users to store and retrieve data in a distributed manner. SHDW tokens are used to pay for storage services, participate in network governance, and incentivize node operators. This business model aligns with halal principles as it provides a clear utility and involves the exchange of real services.
Real-World Adoption
The Shadow Network has demonstrated actual usage within the Solana ecosystem, with various projects utilizing its storage solutions. The network has maintained active development and continues to expand its infrastructure services.
Token Distribution and Governance
The token distribution includes allocations for development, community incentives, and network growth. There are vesting schedules in place for team allocations, which demonstrates a commitment to long-term development rather than short-term profit-taking.
Platform Development
The project maintains active development, with regular updates to its infrastructure and continuous improvements to its storage solutions. The development team remains engaged with the community and transparent about progress through official channels.
Crypto Impact
To assign a comfort level investing in Shadow Token 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 Shadow Token.
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.