ORC
Crypto Overview
Project Overview
Orbit Chain (ORC) is a blockchain interoperability protocol launched in 2020 that aims to facilitate cross-chain communication and asset transfers between different blockchain networks. The project's main utility is to serve as a bridge between various blockchain networks, enabling users to transfer assets across different chains.
Intended Purpose and Current Usage
The primary purpose of ORC is to act as the native token of the Orbit Chain ecosystem, used for governance, securing the network through staking, and paying transaction fees. The token has maintained its original intended utility and is actively used for these purposes.
Business Model Analysis
The business model revolves around providing infrastructure for cross-chain transfers and interoperability. The project generates revenue through transaction fees paid in ORC tokens. The core business activities appear to align with Islamic principles as they involve the legitimate exchange of digital assets and provide actual utility to users.
Real-World Adoption
Orbit Chain has established partnerships with several blockchain networks and continues to expand its bridge capabilities. The protocol supports multiple blockchain networks including Ethereum, Binance Smart Chain, and Polygon.
Development Activity
The project maintains active development with regular updates to its protocol and infrastructure. The team consistently works on expanding cross-chain capabilities and improving security measures.
Token Distribution and Governance
Token distribution appears relatively balanced between different stakeholders, with vesting schedules in place for team allocations. The project implements a decentralized governance system where token holders can participate in decision-making processes.
Crypto Impact
To assign a comfort level investing in ORC 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 ORC.
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.