Shentu

Project Overview

Shentu is a blockchain security platform launched in 2020 that aims to provide security infrastructure and services for the broader blockchain ecosystem. The CTK token serves as the native cryptocurrency of the Shentu Chain, which is built using the Cosmos SDK.

Intended Utility

The primary purpose of CTK is to serve as a utility and governance token within the Shentu ecosystem. Token holders can stake CTK to secure the network, participate in governance decisions, and access security services provided by the platform. The token is also used to pay for security audits and certifications conducted through the platform.

Actual Utility and Adoption

The platform has demonstrated real-world utility through its security services, including smart contract audits and blockchain security monitoring. Shentu has established partnerships with various blockchain projects and has conducted numerous security audits. The Security Oracle, one of their main products, is actively used to provide real-time security monitoring for blockchain applications.

Token Distribution and Governance

The token distribution appears relatively balanced, with mechanisms in place to prevent concentrated ownership. There are vesting schedules for team allocations and early investors. The project maintains active development, with regular updates to their security infrastructure and continuous improvements to their blockchain platform.

Revenue Model and Operations

The platform generates revenue through legitimate business activities, primarily security auditing services and certification processes. These operations align with Islamic principles as they involve the exchange of real services and value creation. There is no evidence of interest-based (riba) mechanisms in the core protocol.