Gold Standard
Crypto Overview
Overview
Gold Standard (BAR) appears to be a fairly new cryptocurrency token launched in 2023. Due to the recency of this project and limited publicly available information, we cannot provide a comprehensive analysis of many aspects of this cryptocurrency.
Purpose and Utility
The stated purpose of Gold Standard is to serve as a digital currency backed by gold reserves. However, we have been unable to verify substantial details about the project's operations, partnerships, or actual backing mechanisms.
Business Model Evaluation
With limited verifiable information about the project's actual operations and mechanisms, we cannot properly evaluate if the business model aligns with its stated goals or halal principles.
Development and Adoption
Public information about development activity and real-world adoption is scarce. Without access to verifiable data about the project's progress and usage, we cannot make definitive statements about its actual utility implementation.
Token Distribution and Governance
Information about token distribution, vesting schedules, and governance mechanisms is not readily available from verifiable sources.
Crypto Impact
To assign a comfort level investing in Gold Standard 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 Gold Standard.
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.