RIZON
Crypto Overview
Purpose and Utility
RIZON (ATOLO) is a blockchain platform designed to provide infrastructure for decentralized applications (dApps) with a focus on interoperability and cross-chain communication. The ATOLO token serves as the native cryptocurrency for the RIZON network, used for transaction fees, governance, and securing the network through their Tendermint-based Proof of Stake consensus mechanism.
Business Model Analysis
The project's core business model revolves around providing blockchain infrastructure services, which aligns with halal principles as it provides genuine utility through technology services. The platform does not inherently facilitate any haram activities like gambling, interest-based lending, or prohibited content.
Adoption and Usage
Current adoption appears to be limited, with most activity centered around network validation and governance. While the project maintains active development, real-world implementation of its cross-chain features remains in early stages.
Platform Development
The project maintains an active GitHub repository with regular commits, indicating ongoing technical development. The team continues to work on implementing their roadmap features, particularly focusing on cross-chain infrastructure improvements.
Token Distribution
The token distribution includes allocations for ecosystem development, team members, and public sale participants. Team tokens are subject to vesting periods, which helps align long-term incentives.
Crypto Impact
To assign a comfort level investing in RIZON 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 RIZON.
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.