Hathor
Crypto Overview
Overview
Hathor (HTR) is a scalable proof-of-work blockchain platform launched in 2020, designed to address the limitations of traditional blockchain networks. The project implements a unique DAG (Directed Acyclic Graph) structure alongside a traditional blockchain, combining the security benefits of Bitcoin's proof-of-work with improved scalability and transaction throughput.
Intended Utility
Hathor's primary intended use cases include: serving as a platform for tokenization of real-world assets, enabling fast and low-cost payments, and supporting custom token creation for businesses. The network allows users to create their own tokens without requiring smart contracts, making token issuance more accessible and cost-effective.
Actual Utility and Adoption
The platform has demonstrated genuine utility through its nano contracts feature, token creation capabilities, and integration with various business use cases. Development activity remains consistent, with regular updates to the core protocol and tools. The project maintains active partnerships with businesses implementing tokenization solutions.
Token Distribution and Governance
The initial token distribution allocated 30% to the founding team and early investors, with vesting periods implemented to prevent immediate selling. The remaining 70% was distributed through mining, token sales, and ecosystem development. The project demonstrates transparency in its governance structure and development funding allocation.
Revenue Model and Operations
Hathor's revenue model is based on network fees and the value appreciation of the native HTR token. The project does not involve interest-bearing mechanisms or lending protocols, aligning with Islamic financial principles. The platform's focus remains on facilitating legitimate business operations and asset tokenization.
Crypto Impact
To assign a comfort level investing in Hathor 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 Hathor.
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.
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