RSS3

Halal Rating :
Comfortable
Last Price $0.11 Last updated:
Rank 556
1D Change -8.22 %
Market Cap $72.81m
Circulating supply 674,916,665
Maximum supply 1,000,000,000

Crypto Overview

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Purpose and Utility

RSS3 is a decentralized protocol designed to enable open information syndication and distribution in Web3. The RSS3 token serves as the native governance token of the RSS3 Network, allowing holders to participate in protocol governance and decision-making.

Business Model and Technology

The protocol aims to create an open standard for information sharing and content discovery in the Web3 ecosystem, similar to how RSS works for Web2. The RSS3 Network facilitates the indexing, organization, and distribution of Web3 content and social data across different platforms and applications.

Real-World Adoption

The protocol has established partnerships with various Web3 projects and platforms. The RSS3 Network is being used by developers to build decentralized social applications and content discovery tools. The project maintains active development and regular updates to its core infrastructure.

Token Distribution and Governance

The RSS3 token distribution includes allocations for the team, early investors, and community treasury. The project implements vesting schedules for team and investor tokens to ensure long-term alignment. Token holders can participate in governance decisions through a decentralized autonomous organization (DAO) structure.

Additional Considerations

The protocol does not involve interest-bearing mechanisms, lending, or gambling activities. The primary focus is on information infrastructure and content distribution. The technology and its applications do not facilitate or promote any activities that would be considered haram under Islamic principles.

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