ORAO Network
Crypto Overview
Purpose and Utility
ORAO Network aims to provide a decentralized oracle service for blockchain networks, specifically focused on delivering verified data feeds. The platform intends to enable smart contracts to access real-world data through a system of data providers and validators.
Business Model Analysis
The business model centers around providing oracle services to various blockchain networks, with the ORAO token used for governance and as payment for oracle services. The core activities involve data validation and transmission, which align with halal principles as they provide genuine utility and don't involve prohibited activities.
Real-World Adoption
Current adoption appears limited, with minimal documented partnerships or widespread usage. However, the project maintains active development and continues to work on expanding its oracle solutions.
Platform Development
The project shows ongoing development activity on GitHub, though at a moderate pace. The team continues to work on improving the oracle infrastructure and expanding compatibility with different blockchain networks.
Token Distribution
Initial token distribution included allocations for team members and early investors with standard vesting periods. While detailed recent distribution data is limited, there's no evidence of concerning concentration of tokens.
Crypto Impact
To assign a comfort level investing in ORAO Network 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 ORAO Network.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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