Holograph
Crypto Overview
Project Overview
Holograph is a cross-chain NFT infrastructure protocol that enables seamless NFT bridging and interoperability across different blockchain networks. The HLG token serves as the protocol's utility and governance token, used for network security, fee payments, and protocol governance.
Purpose and Utility
The primary purpose of HLG is to facilitate the operation of the Holograph protocol, which provides essential infrastructure for NFT projects. Token holders can participate in protocol governance, stake tokens to secure the network, and use HLG to pay for cross-chain bridging fees.
Business Model Evaluation
The business model appears to be focused on providing legitimate blockchain infrastructure services. The protocol enables real value transfer through NFT bridging and does not involve any inherently prohibited activities like gambling or interest-based lending.
Development and Adoption
The project shows active development on GitHub and has established partnerships with various blockchain networks. While still in its early stages, the protocol demonstrates genuine utility in solving cross-chain NFT interoperability challenges.
Token Distribution
Token distribution information indicates standard vesting schedules for team members and investors, with mechanisms in place to prevent immediate dumping of tokens. The distribution model appears designed for long-term protocol sustainability rather than short-term profit taking.
Crypto Impact
To assign a comfort level investing in Holograph 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 Holograph.
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.