LightLink
Crypto Overview
About LightLink
LightLink is a layer-2 blockchain solution designed to provide fast, low-cost transactions while maintaining compatibility with Ethereum. The platform aims to solve scalability issues common to many blockchain networks by offering high throughput and minimal transaction fees.
Purpose and Utility
LightLink's primary purpose is to serve as an infrastructure layer for decentralized applications (dApps) and facilitate efficient value transfer. The LL token is used for network governance, transaction fees, and securing the network through its Proof of Stake consensus mechanism.
Business Model Analysis
The platform's core functions align with halal principles as they focus on providing legitimate technological infrastructure services. The network does not inherently facilitate interest-based lending or gambling activities.
Development and Adoption
LightLink shows active development with regular GitHub commits and ecosystem growth. While still in relatively early stages, the project has established partnerships with several blockchain projects and continues to expand its infrastructure.
Token Distribution
Initial token distribution included allocations for development (30%), ecosystem growth (25%), team (20%), and public sale (25%). Team tokens are subject to a 3-year vesting period with regular unlocks, showing commitment to long-term development.
Crypto Impact
To assign a comfort level investing in LightLink 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 LightLink.
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.