Realm (Atomicals)
Crypto Overview
Overview
Realm (REALM) is a digital asset created using the Atomicals protocol on the Bitcoin blockchain. Atomicals is a protocol that enables the creation of digital artifacts, NFTs, and fungible tokens directly on Bitcoin.
Purpose and Utility
The primary stated purpose of REALM is to serve as a digital asset within the Atomicals ecosystem. Unlike traditional tokens, REALM is minted through a process called 'mining' where users must perform proof-of-work to mint tokens, similar to Bitcoin mining but at a smaller scale.
Business Model and Operations
The token operates on a proof-of-work model for distribution, with no pre-mine or founder allocation. Users can mine REALM tokens by performing computational work, and the tokens can be traded on compatible platforms.
Development Activity
The project is part of the broader Atomicals ecosystem, which continues to see development activity. The protocol itself is open-source and maintains active development on GitHub.
Real-World Adoption
Current usage primarily revolves around mining and trading activities. The ecosystem is still in its early stages, with adoption primarily among Bitcoin ecosystem participants interested in the Atomicals protocol.
Token Distribution
REALM features a fair launch model with no pre-mine. All tokens are distributed through mining activities, which aligns with principles of fair distribution. There are no founder allocations or team tokens.
Revenue Model
The project does not involve interest-bearing mechanisms, lending, or prohibited activities. The primary economic activity is the mining and trading of tokens.
Crypto Impact
To assign a comfort level investing in Realm (Atomicals) 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 Realm (Atomicals).
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.