Relation Labs
Crypto Overview
Project Overview
Relation Labs is developing a decentralized infrastructure focused on creating a social data protocol. The project aims to enable users to own and monetize their social data while providing tools for developers to build decentralized social applications.
Purpose and Utility
The REL token serves multiple purposes within the Relation Labs ecosystem: Governance rights for protocol decisions, staking for network security, and access to protocol features. Token holders can participate in protocol governance and earn rewards for contributing to network security through staking.
Business Model Evaluation
The core business model revolves around providing infrastructure for decentralized social applications, which is inherently halal as it involves the exchange of real utility and value. The protocol does not engage in lending, gambling, or other prohibited activities.
Development and Adoption
The project is in its early stages with active development ongoing. While current adoption is limited, this is not a concern from a Sharia compliance perspective as the underlying technology and intended use cases are legitimate.
Token Distribution
The token distribution includes allocations for the team, development fund, and community. Team tokens are subject to vesting periods, indicating a long-term commitment to the project rather than short-term profit-taking.
Crypto Impact
To assign a comfort level investing in Relation Labs 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 Relation Labs.
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.