Orbs
Crypto Overview
Overview
Orbs is a public blockchain infrastructure project designed to facilitate mass-market applications, focusing on providing scalable performance for real-world business needs. The project was founded in 2017 and launched its mainnet in March 2019.
Intended Utility
Orbs aims to serve as a hybrid blockchain infrastructure that combines the benefits of both public and private blockchains. The ORBS token is used for:
- Staking to participate in the network's proof-of-stake consensus mechanism
- Payment for execution fees when running applications on the network
- Governance participation in the Orbs Universe
Actual Utility and Implementation
The Orbs network is actively being used for its intended purposes. The project has maintained consistent development activity and has several key implementations:
- DeFi applications and protocols running on the network
- Cross-chain bridges and infrastructure
- Integration with major blockchain networks including Ethereum and Binance Smart Chain
Token Distribution and Governance
The token distribution shows a relatively balanced allocation, with significant portions dedicated to the ecosystem development and community. The project maintains transparency through regular updates and detailed documentation of its technological progress.
Technology and Revenue Model
The revenue model is based on network fees and does not involve interest-bearing mechanisms. The staking system is designed as a technological security measure rather than an interest-bearing scheme.
Crypto Impact
To assign a comfort level investing in Orbs 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 Orbs.
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.