ThunderCore
Crypto Overview
Project Overview
ThunderCore is a proof-of-stake blockchain platform launched in 2019, designed to provide high throughput, low latency, and low transaction costs for decentralized applications (dApps). The platform claims to process over 4,000 transactions per second with sub-second confirmation times.
Intended Purpose and Current Usage
ThunderCore aims to serve as a smart contract platform compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily port Ethereum dApps to their network. The TT token is used for network fees, staking, and governance.
Business Model and Ecosystem
The platform generates revenue through transaction fees and supports various DeFi applications, games, and NFT projects. The ecosystem includes decentralized exchanges like ThunderSwap and gaming applications.
Development Activity
ThunderCore maintains active development with regular updates to their core protocol and developer tools. The GitHub repository shows consistent commits and technical improvements.
Token Distribution
The initial token distribution included allocations for the team, private sale participants, and ecosystem development. There are vesting schedules in place for team tokens to ensure long-term alignment of interests.
Additional Considerations
The platform's core functionality revolves around legitimate technological use cases including smart contract execution and network security through proof-of-stake consensus. While some DeFi applications on ThunderCore may involve interest-bearing products, the base protocol itself does not mandate or require involvement in such activities.
Crypto Impact
To assign a comfort level investing in ThunderCore 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 ThunderCore.
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.