Polis
Crypto Overview
Purpose and Utility
Polis is a cryptocurrency that powers the Olympus Protocol, a decentralized governance system. The project aims to create a blockchain-based infrastructure for decentralized autonomous organizations (DAOs) and community governance.
Business Model
The token serves primarily as a governance token, allowing holders to participate in decision-making processes within the Olympus ecosystem. POLIS holders can vote on proposals and participate in the protocol's governance.
Real-World Adoption
Current adoption appears limited, with most activity centered around governance participation and trading on various cryptocurrency exchanges. The project has maintained active development, though community engagement levels are modest.
Platform Development
The project maintains regular development updates on their GitHub repository, indicating ongoing technical progress. The core team continues to work on improving the protocol's governance mechanisms and infrastructure.
Token Distribution
Information about the exact token distribution is somewhat limited in recent sources, but the project implemented a fair launch mechanism without pre-mining or ICO, suggesting a relatively equitable initial distribution.
Revenue Model
The project's revenue model primarily revolves around the utility of the governance token and does not involve interest-bearing mechanisms or lending protocols. The system operates on standard blockchain transaction fees.
Crypto Impact
To assign a comfort level investing in Polis 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 Polis.
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.