ShareToken
Crypto Overview
Project Overview
ShareToken (SHR) is the native cryptocurrency of ShareRing, a blockchain-based ecosystem designed to facilitate the sharing economy and digital identity management. The platform aims to provide a unified solution for travel, sharing services, and digital identity verification.
Purpose and Utility
The primary utility of SHR tokens includes: payment for services within the ShareRing ecosystem, staking for node operators, and governance participation. The token is actively used for booking travel services and identity verification through ShareRing ID.
Business Model Analysis
ShareRing's business model focuses on legitimate commerce and service facilitation. The platform enables real asset and service exchange, with clear utility in travel booking, digital identity management, and marketplace operations. No evidence was found of involvement in prohibited activities like gambling, interest-based lending, or adult content.
Real-World Adoption
ShareRing has established partnerships with various travel and hospitality businesses. The platform has demonstrated actual usage in travel bookings and identity verification services, though adoption remains in early stages.
Development Activity
The project maintains active development, with regular updates to their platform and mobile applications. The team continues to expand features and use cases for the SHR token.
Token Distribution
Token distribution appears reasonable, with clear allocations for development, ecosystem growth, and team incentives. Vesting schedules are in place for team tokens, indicating commitment to long-term development.
Crypto Impact
To assign a comfort level investing in ShareToken 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 ShareToken.
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.