Starship
Crypto Overview
Overview
Starship ($STARSHIP) is a cryptocurrency project that aims to create a decentralized community-driven gaming platform on the Ethereum blockchain. The project was launched in late 2023.
Purpose and Utility
The stated purpose of Starship is to serve as a utility token within their gaming ecosystem, allowing users to participate in various gaming activities and earn rewards. The token is meant to facilitate transactions within the platform and provide governance rights to token holders.
Business Model Analysis
The project's business model appears to focus on gaming and community engagement. The token serves as a medium of exchange within their ecosystem, and holders can participate in governance decisions regarding the platform's development.
Development and Adoption
The project is in its early stages, with development ongoing. While the gaming platform is still under construction, the token is actively traded on decentralized exchanges. The development team maintains regular communications through their social media channels and community forums.
Token Distribution
Initial token distribution information shows that a portion was allocated to the development team with standard vesting periods. The majority of tokens were made available to the public through fair launch mechanisms.
Crypto Impact
To assign a comfort level investing in Starship 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 Starship.
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.