SpaceChain

Halal Rating :
Comfortable
Contract: 0x86ed939b500e121c0c5f493f399084db596dad20
Last Price $0.029 Last updated:
Rank 1061
1D Change 7.19 %
Market Cap $8.78m
Circulating supply 307,182,730
Maximum supply None

Crypto Overview

Categories
  • Ethereum Ecosystem

Purpose and Utility

SpaceChain (SPC) is a community-based space platform that combines space and blockchain technologies. The project aims to build an open-source satellite network that allows users to develop, share, and distribute decentralized applications (DApps) in space.

Business Model Analysis

The business model involves creating a decentralized satellite infrastructure that enables various space-based applications and services. The SPC token is used for governance and accessing services within the SpaceChain ecosystem. The project has demonstrated legitimate partnerships with space industry players and has successfully launched several blockchain nodes into space.

Real-World Adoption and Development

SpaceChain has achieved notable milestones, including: Successfully deploying blockchain nodes to the International Space Station, Establishing partnerships with established space industry companies, Developing space-based encrypted data transmission capabilities, Creating a framework for space-based smart contracts.

Token Distribution and Governance

The token distribution appears reasonable with no apparent red flags regarding founder allocation. The project maintains transparent communication about its development progress and space-based implementations.

Sharia Compliance Analysis

The core business model focuses on technological innovation in space and blockchain integration, which aligns with Islamic principles. The project does not involve interest-based lending, gambling, or other prohibited activities. The utility token serves clear technological purposes within the ecosystem.

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