Paras
Crypto Overview
Overview
Paras is a non-fungible token (NFT) marketplace built on the NEAR Protocol blockchain. The platform aims to create a digital art card marketplace where users can create, trade and collect NFTs.
Purpose and Utility
The PARAS token serves as the platform's native utility token, used for governance, staking, and marketplace transactions. Token holders can participate in platform decisions and earn rewards for contributing to the ecosystem.
Business Model
The platform generates revenue through marketplace fees from NFT transactions. This model appears transparent and doesn't involve any inherently prohibited activities like interest-based lending or gambling.
Real-World Adoption
Paras has established itself as one of the leading NFT marketplaces on NEAR Protocol, with active trading volume and a growing community of artists and collectors. The platform focuses primarily on digital art cards and collectibles.
Development Activity
The project maintains regular development updates and platform improvements. The team appears committed to building out the marketplace functionality and expanding features for users.
Token Distribution
The token distribution includes allocations for the team, development fund, and community rewards. While specific vesting details aren't widely published, the project appears to maintain standard industry practices for token distribution.
Crypto Impact
To assign a comfort level investing in Paras 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 Paras.
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.