HistoryDAO
Crypto Overview
Purpose and Utility
HistoryDAO (HAO) is a blockchain-based platform that aims to create a decentralized historical record-keeping system. The project's stated purpose is to allow users to document and verify historical events on the blockchain, with HAO tokens being used for governance and content validation.
Business Model Analysis
The platform allows users to submit historical records, which are then validated by token holders through a voting mechanism. Token holders can stake HAO to participate in governance decisions and earn rewards for content validation. The business model appears transparent and doesn't involve any inherently prohibited activities.
Real-World Adoption
Current adoption appears to be in early stages, with limited on-chain activity. While the project has a clear utility case, actual usage remains modest.
Platform Development
The project maintains an active GitHub repository with regular commits, indicating ongoing development efforts. The team regularly provides updates through their official channels.
Token Distribution
According to available data, the token distribution includes: 30% for community rewards, 25% for development, 20% for the team (with a 2-year vesting period), 15% for marketing, and 10% for liquidity provision. The vesting schedule for team tokens suggests a long-term commitment to the project.
Crypto Impact
To assign a comfort level investing in HistoryDAO 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 HistoryDAO.
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.