StrongHands
Crypto Overview
Overview
StrongHands (SHND) is a cryptocurrency project that was launched in 2015 as a fork of Peercoin. The project claims to aim at providing a secure and efficient payment system with a proof-of-stake consensus mechanism.
Purpose and Utility
The stated purpose of StrongHands is to function as a digital currency for peer-to-peer transactions. The project implements a proof-of-stake mechanism where users can earn rewards by holding and staking their tokens.
Business Model and Development
The project appears to have minimal recent development activity, with limited updates to its technology stack. The main utility remains basic value transfer and staking capabilities.
Real-World Adoption
Current usage of StrongHands appears to be limited, with most activity centered around trading on smaller cryptocurrency exchanges. There is little evidence of significant merchant adoption or real-world payment use cases.
Token Distribution
Information about the initial token distribution and current holder statistics is limited, though the project launched with a fair mining approach rather than a pre-mine or ICO.
Crypto Impact
To assign a comfort level investing in StrongHands 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 StrongHands.
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.