Stargaze
Crypto Overview
Overview
Stargaze is a decentralized NFT protocol and marketplace built on the Cosmos blockchain ecosystem. The STARS token serves as the native governance and utility token of the platform.
Purpose and Utility
The primary purpose of STARS is to facilitate the minting, trading, and governance of NFTs on the Stargaze platform. Token holders can participate in governance decisions, stake tokens for network security, and use STARS for marketplace transactions.
Business Model Analysis
The platform operates as a decentralized marketplace for digital assets, primarily NFTs. The business model is transparent and based on facilitating legitimate trades of digital assets. No evidence was found of involvement in prohibited activities like gambling or interest-based lending.
Real-World Adoption
The platform has shown consistent activity in NFT trading and minting, though adoption remains relatively modest compared to larger NFT marketplaces. The ecosystem includes various NFT collections and active creators.
Development Activity
The project maintains active development with regular updates to the protocol and marketplace features. The development team regularly pushes updates to their GitHub repository and maintains communication with their community.
Token Distribution
The token distribution appears reasonably balanced between community allocation, team members, and development fund. Team tokens have vesting schedules to ensure long-term alignment with the project's success.
Crypto Impact
To assign a comfort level investing in Stargaze 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 Stargaze.
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.