Star Atlas DAO
Crypto Overview
Project Overview
Star Atlas DAO (POLIS) is the governance token for Star Atlas, a space-themed multiplayer metaverse game built on the Solana blockchain. POLIS token holders can participate in the decentralized autonomous organization (DAO) that governs various aspects of the Star Atlas ecosystem.
Intended Utility
The primary intended utilities of POLIS include: Governance rights for the Star Atlas DAO, Staking for rewards, Access to exclusive features and items within the Star Atlas metaverse, Treasury management voting rights.
Current Implementation and Usage
The token is actively used for governance decisions through the Star Atlas DAO, where holders can vote on various proposals affecting the ecosystem. The staking mechanism is operational, allowing users to earn rewards for participating in governance. The project maintains regular development activity, with updates visible on their GitHub repositories.
Token Distribution and Governance
The token distribution includes allocations for the team, advisors, and community with vesting schedules in place. The team's tokens are subject to a vesting period, indicating measures to prevent immediate selling. The project maintains transparency regarding token allocations and usage through regular community updates.
Technology and Revenue Model
The revenue model is based on value creation through governance participation and ecosystem development, rather than interest-bearing mechanisms. The underlying technology focuses on gaming and metaverse infrastructure, avoiding prohibited activities like gambling or interest-based lending.
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.