MESSIER
Crypto Overview
Overview
Messier (M87) is a cryptocurrency project that aims to create a decentralized autonomous organization (DAO) focused on space exploration and astronomical research funding. The token is built on the Ethereum blockchain as an ERC-20 token.
Purpose and Utility
The primary stated purpose of M87 is to serve as a governance token for the Messier DAO, allowing holders to vote on funding allocations for space research projects and telescope operations. The token also claims to facilitate payments between astronomical research institutions and equipment providers within its ecosystem.
Current Usage Analysis
Review of on-chain data shows that M87 is primarily being used for its intended governance purposes, with active voting participation in the DAO. There is evidence of transactions between verified research institutions using the token for equipment purchases.
Development Activity
The project maintains an active GitHub repository with regular updates to its smart contracts and governance mechanisms. The development team regularly publishes technical documentation and updates about new features and improvements.
Token Distribution
The token distribution shows a balanced allocation: 30% to the DAO treasury for research grants, 25% to the development team (vested over 3 years), 25% for public sale, and 20% reserved for future partnerships. The vesting schedule for team tokens appears reasonable and aligned with long-term project development.
Crypto Impact
To assign a comfort level investing in MESSIER 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 MESSIER.
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.