Saturna
Crypto Overview
Overview
Saturna (SAT) is a cryptocurrency token that was launched on the Binance Smart Chain (BSC) in May 2021. The project appears to be inactive, with no significant development or community activity since late 2021.
Purpose and Utility
The stated purpose of Saturna was to create a community-driven token with deflationary mechanics through a transaction tax system. The project claimed to have plans for NFT marketplaces and other utilities, but these were never implemented.
Business Model Analysis
The token's primary mechanism was a redistribution system where holders would receive a portion of transaction fees. While this mechanism itself isn't problematic from a Shariah perspective, the lack of any real utility development raises concerns.
Real-World Adoption and Usage
Current on-chain data shows minimal to no trading activity. The project's social media channels and website are no longer maintained. There is no evidence of active development or real-world adoption.
Platform and Development
The project appears to be abandoned, with no GitHub commits or development updates since 2021. The promised features and roadmap items were never delivered.
Token Distribution and Founder Activity
Details about token distribution are unclear due to the project's inactivity. The original team appears to have abandoned the project, making it difficult to assess their intentions or commitment.
Crypto Impact
To assign a comfort level investing in Saturna 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 Saturna.
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.