RigoBlock
Crypto Overview
Overview
RigoBlock is a blockchain protocol designed to enable anyone to create and manage tokenized investment pools. The GRG token serves as the protocol's utility token, used for governance and incentivizing pool operators.
Purpose and Utility
The primary purpose of RigoBlock is to provide a decentralized infrastructure for asset management. Pool operators (called Wizards in the ecosystem) can create and manage investment pools, while token holders can participate in governance decisions.
Business Model
The platform operates through smart contracts on the Ethereum blockchain, allowing for transparent and automated pool management. The GRG token is used to incentivize pool operators through a proof-of-performance algorithm.
Real-World Adoption
Current adoption appears limited, with relatively low trading volumes and limited active pools. However, the project maintains ongoing development activity and has established partnerships within the DeFi ecosystem.
Platform Development
The project maintains an active GitHub repository with regular updates to the protocol. The development team continues to implement improvements and maintain the platform's infrastructure.
Token Distribution
The token distribution appears reasonably balanced between team, early investors, and public allocation. Vesting schedules are in place for team tokens, indicating consideration for long-term alignment.
Crypto Impact
To assign a comfort level investing in RigoBlock 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 RigoBlock.
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.