Radworks
Crypto Overview
Overview
Radworks (formerly Radicle) is a decentralized code collaboration network built on Ethereum. The RAD token serves as the network's native governance token, enabling holders to participate in protocol governance decisions and stake tokens to secure the network.
Purpose and Utility
The primary purpose of RAD is to facilitate decentralized code collaboration and governance of the Radworks protocol. The token is actively used for: Governance voting on protocol changes and updates, Staking to secure the network, and Incentivizing network participation.
Business Model Analysis
The business model focuses on providing decentralized alternatives to centralized code repositories like GitHub. The core functionalities involve peer-to-peer code hosting, collaboration, and governance - all of which align with Islamic principles as they provide real utility and involve the exchange of actual value.
Development Activity and Adoption
The project maintains active development on GitHub, with regular updates and improvements to the protocol. While adoption is still growing, there is evidence of genuine usage within the developer community for code collaboration and governance participation.
Token Distribution
The token distribution includes allocations to team members and early contributors with vesting schedules, which is standard for protocol governance tokens. The distribution model appears designed to incentivize long-term protocol development rather than short-term profit-taking.
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.