ParagonsDAO
Crypto Overview
Project Overview
ParagonsDAO (PDT) is a decentralized autonomous organization (DAO) focused on creating a community-driven ecosystem that aims to develop Web3 gaming projects. The project launched in late 2022 and operates on the Ethereum blockchain.
Purpose and Utility
The PDT token serves as the governance token for the ParagonsDAO ecosystem. Token holders can participate in decision-making regarding project development, treasury management, and strategic initiatives within the DAO. The token also provides access to various features within the ecosystem.
Business Model Evaluation
The core business model revolves around community governance and development of Web3 gaming projects. The DAO structure allows for transparent decision-making processes, with all proposals and voting visible on-chain. The project does not involve interest-bearing mechanisms or explicit gambling features in its core functionality.
Real-World Adoption
The project is still in its early stages, with limited but growing adoption. On-chain data shows active governance participation from token holders, though the gaming projects are still under development.
Development Activity
There is observable development activity on the project's GitHub repositories, indicating ongoing technical progress. The team maintains regular communication through official channels about development updates.
Token Distribution
The token distribution appears to have vesting schedules for team members and early investors, with no signs of concerning concentration of tokens. The project maintains transparency regarding token allocations and vesting periods.
Crypto Impact
To assign a comfort level investing in ParagonsDAO 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 ParagonsDAO.
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.