Marscoin
Crypto Overview
Marscoin is a Bitcoin-based cryptocurrency launched in 2014 with the stated purpose of becoming the primary currency for future Mars colonies and to help fund Mars colonization efforts.
The project appears to be largely inactive, with minimal development activity in recent years. The official website is no longer accessible, and there is very limited current information available about the project's status or development.
Intended Use Cases:
- Serve as a potential currency for future Mars colonization
- Fund Mars colonization research and development
- Create a decentralized monetary system for Mars settlements
Current State: Trading volume is extremely low, with very limited market presence. There is no evidence of active development or progress toward the stated goals. The project seems to have been effectively abandoned.
Technical Implementation: Marscoin was created as a fork of Bitcoin, using Proof of Work consensus mechanism. No significant technical innovations or developments have been documented in recent years.
Token Distribution: Limited information is available about the initial token distribution or current holdings. The project's transparency regarding token economics is poor.
Crypto Impact
To assign a comfort level investing in Marscoin 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 Marscoin.
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.