LiquidApps
Crypto Overview
Overview
LiquidApps is a blockchain technology project built on the EOS blockchain that aims to provide scalability solutions and reduce the cost of decentralized application (dApp) development. The DAPP token is used for accessing services on the DAPP Network, including vRAM (virtual RAM), which provides developers with a more cost-effective alternative to EOS RAM.
Purpose and Utility
The primary purpose of the DAPP token is to serve as a utility token within the LiquidApps ecosystem. Users need DAPP tokens to access various services provided by DAPP Service Providers (DSPs), including vRAM, LiquidOracles, and LiquidScheduler. These services are designed to help developers build and scale decentralized applications more efficiently.
Business Model Analysis
The business model appears legitimate and transparent, focused on providing technological infrastructure services. The project does not involve any inherently haram activities like interest-based lending, gambling, or prohibited content. The services offered are purely technological in nature, aimed at improving blockchain infrastructure.
Development and Adoption
The project shows ongoing development activity, though at a moderate pace. The technology is being used by some dApp developers, particularly those building on EOS, but adoption remains limited. This limited adoption does not affect its Sharia compliance status.
Token Distribution
The token distribution appears relatively fair, with no concerning concentration in the hands of founders. The project conducted an initial token distribution through a year-long fair distribution model called the DAPP Token Generation Event (TGE).
Crypto Impact
To assign a comfort level investing in LiquidApps 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 LiquidApps.
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.