Star Atlas DAO

Halal Rating :
Questionable
Last Price $0.15 Last updated:
Rank 682
1D Change 3.10 %
Market Cap $39.86m
Circulating supply 267,324,509
Maximum supply None

Crypto Overview

Categories
  • Collectibles & NFTs
  • Gaming
  • Solana Ecosystem
  • Metaverse
  • PetRock Capital Portfolio
  • Play To Earn

Overview

POLIS is the governance token for Star Atlas, a space-themed metaverse game built on the Solana blockchain. The token grants holders voting rights over the Star Atlas DAO (Decentralized Autonomous Organization) and serves as the primary political currency within the game's ecosystem.

Intended Utility

The token is designed to serve multiple purposes: governance rights for protocol decisions, staking rewards for securing the network, and in-game political currency for the Star Atlas metaverse. Token holders can participate in governance decisions affecting the game's development and economy.

Actual Utility Assessment

Current usage primarily revolves around governance voting and speculation, as the main Star Atlas game is still in development. The project shows active development with regular updates to their roadmap and mini-games, though full implementation of intended utilities remains pending.

Token Distribution Analysis

Initial token distribution allocated 40% to the team and advisors (subject to vesting), 20% for ecosystem development, 20% for community rewards, and 20% for public sale. Vesting schedules are implemented to prevent immediate dumps, with team tokens locked for up to 3 years.

Development Activity

The project maintains active development on Github, with regular updates to both the game and governance infrastructure. The team consistently provides development updates and has delivered several playable modules, though at a slower pace than initially projected.

Revenue Model

The project generates revenue through NFT sales and marketplace fees, avoiding interest-based mechanisms. The economic model focuses on value creation through digital asset ownership and virtual economy participation.

Crypto Impact

To assign a comfort level investing in Star Atlas DAO 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 DAO.

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.

Justification for our Halal Rating