Ramestta
Crypto Overview
Overview
Ramestta (RAMA) is a layer-2 blockchain solution built on Ethereum that aims to provide scalable, low-cost transactions while maintaining security through its unique proof-of-stake consensus mechanism.
Purpose and Utility
The primary stated purpose of RAMA is to serve as the native token of the Ramestta network, used for transaction fees, staking, and governance. Token holders can participate in network validation and vote on protocol upgrades.
Business Model Analysis
The project's business model appears to focus on providing blockchain infrastructure services, which is inherently halal as it involves the exchange of real value and utility. The platform does not facilitate interest-bearing products or gambling activities.
Development and Adoption
The project shows regular development activity on GitHub, with continuous updates to the protocol. While adoption is still in early stages, there are signs of growing network usage and an increasing number of validators.
Token Distribution
The token distribution includes allocations for development (30%), ecosystem growth (25%), validators (20%), and public sale (25%). Founder tokens are subject to a 2-year vesting period with quarterly unlocks, which helps align long-term incentives.
Technology Assessment
The layer-2 solution employs valid technological principles for scaling Ethereum transactions. The staking mechanism allows token holders to participate in network security without involving interest-bearing components.
Crypto Impact
To assign a comfort level investing in Ramestta 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 Ramestta.
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.