Radiant
Crypto Overview
Overview
Radiant is a Layer 1 blockchain platform that aims to provide scalable and secure DeFi solutions. The project uses the RXD token for governance and utility within its ecosystem.
Purpose and Utility
Radiant's primary purpose is to serve as a governance token for the Radiant blockchain, enabling holders to participate in protocol decisions. The token also functions as a medium of exchange within the Radiant ecosystem.
Business Model and Platform
The platform focuses on providing DeFi services and cross-chain functionality. However, a significant portion of its current utility appears to revolve around lending and borrowing services, which raises some concerns from an Islamic finance perspective.
Real-World Adoption
The project has shown moderate adoption within the DeFi space, with active development and community engagement. The platform has achieved notable total value locked (TVL) figures, indicating legitimate usage of the protocol.
Token Distribution
The token distribution includes allocations for the team, development fund, and community. There are vesting schedules in place for team tokens, which demonstrates some level of commitment to long-term development.
Platform Development
The project maintains active development with regular updates to its protocol and infrastructure. The GitHub repository shows consistent activity, suggesting ongoing technical progress.
Crypto Impact
To assign a comfort level investing in Radiant 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 Radiant.
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.