Steakd
Crypto Overview
Project Overview
Steakd (SDX) is a cryptocurrency project launched in 2024. The project aims to provide decentralized staking services and validators for various blockchain networks. The token serves as a governance and utility token within its ecosystem.
Purpose and Utility
The stated purpose of SDX is to facilitate participation in network validation and governance. Token holders can participate in decision-making regarding the project's development and validator operations.
Business Model Analysis
The project's core business model revolves around providing staking services and operating validator nodes across multiple blockchain networks. This model aligns with permissible activities in Islamic finance as it involves providing actual technological services and infrastructure.
Development and Platform Activity
The project is in its early stages, with an active development team working on validator node infrastructure. The GitHub repository shows regular commits and updates to the core protocol.
Token Distribution and Vesting
Initial token distribution includes vesting periods for team members and early investors, with a significant portion allocated for community rewards and ecosystem development. Team tokens are subject to a 2-year vesting schedule with monthly unlocks.
Crypto Impact
To assign a comfort level investing in Steakd 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 Steakd.
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.