SpaceChain
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in SpaceChain 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 SpaceChain.
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.