Star Atlas
Crypto Overview
Understanding the Intended Utility
Star Atlas is a blockchain-based space exploration game built on the Solana blockchain. ATLAS serves as the in-game currency token used for transactions within the Star Atlas metaverse. The token is designed to facilitate the purchase of in-game assets, including spaceships, crew members, equipment, and land. It also functions as a medium of exchange for various in-game activities and marketplace transactions.
Business Model Assessment
The project's business model centers around creating a play-to-earn gaming ecosystem where players can own, trade, and utilize digital assets. The model appears transparent, with clear documentation and regular updates from the development team. The game and its associated activities do not involve inherently prohibited elements like gambling or interest-bearing mechanics.
Actual Utility Analysis
Current utility of ATLAS primarily revolves around its use in the Star Atlas marketplace and various game-related transactions. While the full game is still under development, the token is actively used for purchasing NFTs and in-game assets. The development team maintains regular updates and has demonstrated progress in building the gaming infrastructure.
Token Distribution and Governance
The token distribution includes allocations for development (30%), community rewards (30%), treasury (20%), and team/advisors (20%). Team tokens are subject to a vesting schedule to ensure long-term alignment. The project maintains active development with regular github commits and ecosystem updates.
Additional Considerations
The project does not involve interest-bearing mechanisms or gambling elements in its core functionality. The game's content and activities align with Islamic principles, focusing on space exploration and strategic gameplay rather than prohibited activities.
Crypto Impact
To assign a comfort level investing in Star Atlas 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 Star Atlas.
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.