SolSrch
Crypto Overview
Project Overview
SolSrch (SRCH) is a Solana-based search protocol token launched in 2024. The project aims to create a decentralized search engine infrastructure on the Solana blockchain, with the SRCH token used for governance and incentivizing node operators.
Utility Assessment
The primary utility of SRCH tokens includes: governance rights over protocol parameters, rewards for node operators who contribute computing resources to the search infrastructure, and payment mechanism for users accessing premium search features.
Platform Development
The project is in its early stages with an active GitHub repository showing regular commits. The development team is focusing on building the core search infrastructure and node operation software.
Token Distribution
Initial token distribution allocates: 30% to the development team (vested over 3 years), 20% for ecosystem growth, 30% for node operator incentives, and 20% for public sale participants. The vesting schedule appears reasonable and aligned with project development timelines.
Current Usage
While the project is still in development, there is evidence of initial node operator participation and governance voting activity. The primary use case remains focused on building out the search infrastructure rather than speculative trading.
Crypto Impact
To assign a comfort level investing in SolSrch 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 SolSrch.
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.