Raze Network
Crypto Overview
Overview
Raze Network is a privacy protocol built on the Polkadot ecosystem, designed to provide cross-chain privacy-preserving payment and trading systems. The project aims to enable private and anonymous transactions while maintaining compliance with regulations.
Purpose and Utility
The primary purpose of RAZE token is to serve as the native token of the Raze Network protocol, used for governance, staking, and facilitating private transactions. The token has actual utility within its ecosystem for processing private transactions and participating in network governance.
Business Model
The protocol uses zero-knowledge proofs to enable privacy features while maintaining transparency in its operational model. The business model focuses on providing privacy solutions for DeFi applications, which is permissible as it involves actual asset exchange and utility creation.
Development and Adoption
The project shows ongoing development activity on GitHub, with regular updates to its protocol. While adoption remains limited, this is not a concern from a Shariah compliance perspective as the project provides legitimate utility.
Token Distribution
The token distribution includes allocations for development, ecosystem growth, and community rewards. While specific vesting details are not widely published, the distribution model appears designed to support long-term project development rather than short-term profit-taking.
Technology Analysis
The underlying technology focuses on privacy-preserving transactions without involving any interest-based mechanisms or gambling elements. The protocol's core functionality aligns with Islamic principles as it facilitates legitimate value transfer and utility.
Crypto Impact
To assign a comfort level investing in Raze Network 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 Raze Network.
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.