Starbase

Purpose and Intended Use

Starbase was launched as a crowdfunding platform that aimed to enable entrepreneurs to raise funds by tokenizing their projects or companies. The platform intended to use STAR tokens as the primary medium for transactions within its ecosystem.

Business Model Evaluation

The project aimed to facilitate fundraising through tokenization, which in principle could be halal if properly structured. However, the platform appears to be largely inactive with minimal recent development or usage.

Real-World Adoption

Research indicates extremely limited current usage of the platform or the STAR token. The project's website is no longer active, and there is minimal to no recent activity in terms of development or community engagement.

Platform Development

There appears to be no significant recent development activity. The project's GitHub repositories show little to no recent commits, and social media channels are largely inactive.

Token Distribution and Vesting

Due to the project's apparent inactivity, detailed information about current token distribution is difficult to verify. Historical data shows an initial token distribution through an ICO, but current holdings and circulation are unclear.