Raptoreum
Crypto Overview
Overview
Raptoreum (RTM) is a cryptocurrency launched in 2021 that utilizes a unique Proof-of-Work algorithm called GhostRider, specifically designed to be ASIC-resistant and favor CPU mining. The project aims to provide a decentralized platform for smart contracts and asset tokenization.
Purpose and Utility
The primary stated purposes of Raptoreum are: 1) To serve as a mineable cryptocurrency that maintains ASIC resistance through its GhostRider algorithm, 2) To provide a platform for smart contracts and asset tokenization through its Smart Nodes system, and 3) To enable decentralized applications through its blockchain infrastructure.
Business Model and Implementation
Raptoreum operates on a transparent, open-source model. The project generates value through its mining ecosystem and smart contract platform. The mining process is deliberately designed to be more accessible to regular users with standard computer hardware, promoting decentralization.
Real-World Adoption
The project maintains active development and has a functioning mining ecosystem with multiple mining pools. The Smart Nodes system is operational, though adoption for smart contracts and asset tokenization remains limited. The primary current use case is mining and trading.
Token Distribution
Raptoreum had no ICO or premine, with all tokens being created through mining. This indicates a fair launch model without built-in mechanisms for founder enrichment. Development funding comes from a portion of block rewards.
Technology Assessment
The project's core technology focuses on proof-of-work mining and smart contract capabilities. These functionalities involve real asset ownership and value transfer, without any interest-based or gambling mechanisms in the core protocol.
Crypto Impact
To assign a comfort level investing in Raptoreum 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 Raptoreum.
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.