The Root Network
Crypto Overview
Overview
The Root Network is a Layer-1 blockchain protocol built on Cosmos SDK that aims to provide Web3 infrastructure for games and decentralized applications, with a focus on making blockchain technology more accessible and user-friendly. The ROOT token serves as the native currency of the network, used for transaction fees, staking, and governance.
Purpose and Utility
The primary intended uses of ROOT tokens include: Network security through Proof of Stake validation, Transaction fee payments, Governance participation for protocol decisions, and Incentivizing network participants.
Business Model Analysis
The Root Network's business model focuses on providing blockchain infrastructure services, which aligns with halal principles as it involves the creation and exchange of real technological value. The platform does not inherently facilitate any prohibited activities like gambling or interest-based lending.
Real-World Adoption
The project is in its early stages, with the mainnet having launched in 2023. Current adoption primarily revolves around validators securing the network and early developers building on the platform.
Development Activity
The project maintains active development on GitHub, with regular updates to the protocol and documentation. The team continues to work on implementing features outlined in their technical roadmap.
Token Distribution
The token distribution includes allocations for ecosystem development, team members, and early supporters, with vesting schedules in place to prevent immediate selling. While detailed tokenomics are publicly available, the distribution appears structured to support long-term development rather than short-term profiteering.
Crypto Impact
To assign a comfort level investing in The Root Network 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 The Root Network.
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.