Starlink
Crypto Overview
Overview
STARL is a metaverse project launched in July 2021 that aims to create a virtual space exploration and gaming ecosystem. The STARL token serves as the native currency within this virtual universe.
Purpose and Utility
The token's primary intended use cases include: purchasing virtual real estate and assets within the STARL metaverse, governance rights for protocol decisions, and facilitating transactions within the ecosystem's marketplace.
Business Model Analysis
The project's business model centers around creating a space-themed virtual world where users can own and trade digital assets. The core activities involve legitimate asset ownership and transfer, with no inherent interest-bearing mechanisms or gambling elements.
Development and Adoption
The project shows ongoing development activity with regular updates to their virtual world platform. The development team maintains an active Github repository and provides consistent progress updates through their official channels.
Token Distribution
The token features a total supply of 100 trillion STARL tokens. Initial token distribution included liquidity provision and community allocation, with apparent measures to prevent concentration of ownership.
Technology Review
The platform operates on the Ethereum blockchain, utilizing smart contracts for asset ownership and transfers. The core technology facilitates legitimate ownership and transfer of digital assets, without involving any inherently prohibited activities.
Crypto Impact
To assign a comfort level investing in Starlink 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 Starlink.
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.