Starbase
Crypto Overview
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 The project's website is no longer active, and there is minimal to no recent activity in terms of development or community engagement.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.
Crypto Impact
To assign a comfort level investing in Starbase 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 Starbase.
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.