Quark (Atomicals)
Crypto Overview
Overview
Quark is a digital asset launched on the Atomicals Protocol, which is built on top of the Bitcoin blockchain. Atomicals is a protocol that enables the creation and transfer of digital artifacts on Bitcoin, similar to how NFTs work on other blockchains.
Purpose and Utility
The primary stated purpose of Quark is to serve as a digital asset on the Atomicals Protocol. It functions as one of the first fungible tokens on this protocol, demonstrating the capability to create and transfer fungible tokens on Bitcoin.
Business Model and Implementation
The token operates through the Atomicals Protocol's infrastructure, which allows for the creation of both fungible and non-fungible digital assets on Bitcoin. The protocol utilizes Bitcoin's security and decentralization while adding new functionality for digital asset creation and transfer.
Development Activity and Adoption
The project is in its early stages, with development primarily focused on the underlying Atomicals Protocol infrastructure. The protocol itself shows active development, though specific Quark-related development metrics are limited.
Token Distribution and Governance
Quark tokens are distributed through a mint-on-demand mechanism where users can mint tokens by following specific protocol rules. This approach aims to ensure fair distribution without pre-mining or founder allocations.
Crypto Impact
To assign a comfort level investing in Quark (Atomicals) 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 Quark (Atomicals).
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.