Taraxa
Crypto Overview
Purpose and Utility
Taraxa is a purpose-built, public ledger platform focused on tracking informal transactional agreements and data. The project aims to make informal transactions auditable and trustworthy through its blockchain technology.
Key Features and Use Cases
The platform's main applications include: tracking informal agreements and commitments in business settings, providing an audit trail for casual transactions, and enabling decentralized reputation systems. The TARA token is used for network security through staking, governance, and as payment for transaction fees.
Development Activity and Progress
The project maintains active development with regular GitHub updates and technical improvements. The team continues to work on expanding the platform's capabilities and use cases.
Token Distribution and Governance
TARA tokens are distributed across various stakeholders including team members, early investors, and the community. The project implements a proof-of-stake consensus mechanism where token holders can participate in network security and governance.
Revenue Model
The platform generates revenue through transaction fees paid in TARA tokens for using the network. These fees are used to compensate network validators and support ongoing development.
Current Usage
While still in relatively early stages of adoption, the platform has established partnerships with various organizations to implement its tracking and verification solutions.
Crypto Impact
To assign a comfort level investing in Taraxa 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 Taraxa.
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.