Satoshi Island
Crypto Overview
Overview
Satoshi Island Coin (STC) is a cryptocurrency associated with a private island development project in Vanuatu. The project aims to create a cryptocurrency-focused community and real estate development.
Purpose and Utility
The stated purpose of STC is to serve as a governance and utility token for the Satoshi Island project. Token holders are meant to have voting rights on island development decisions and access to certain privileges within the ecosystem.
Business Model Assessment
The project involves real estate development and community building, which are inherently halal activities. The token is meant to represent actual ownership rights and community participation.
Current Development and Usage
As of the most recent available information, the project appears to be in early stages of development. While the island has been purchased, actual infrastructure development and community building are still in progress.
Token Distribution and Governance
Limited public information is available about the exact token distribution model and vesting schedules for the development team.
Crypto Impact
To assign a comfort level investing in Satoshi Island 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 Satoshi Island.
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.