Radworks
Crypto Overview
Overview
Radworks (RAD) is the governance token of the Radworks protocol (formerly Radicle), a decentralized code collaboration network built on Ethereum. The protocol aims to provide developers with a decentralized alternative to centralized code hosting platforms like GitHub.
Intended Utility
The RAD token serves multiple purposes within the ecosystem: It enables holders to participate in protocol governance through voting, staking to secure the network, and accessing premium features of the platform. The token is also used to incentivize contributions to the protocol's development.
Actual Usage and Adoption
Current adoption shows the platform is actively used by developers, with ongoing protocol development and community engagement. On-chain data indicates regular governance participation and staking activities. The project maintains consistent development activity on their GitHub repositories.
Token Distribution and Governance
The token distribution appears relatively balanced with a significant portion allocated to the community and ecosystem development. There are vesting schedules in place for team and investor allocations, showing commitment to long-term development. The project demonstrates transparency in its governance process and token economics.
Revenue Model
The protocol generates revenue through network fees and premium features, which are distributed to stakers and the protocol treasury. This model does not involve interest-bearing mechanisms or riba.
Crypto Impact
To assign a comfort level investing in Radworks 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 Radworks.
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.