Validity
Crypto Overview
Project Overview
Validity (VAL) is a cryptocurrency that emerged from a RadiumCore rebrand in 2019. The project focuses on providing a platform for decentralized proof-of-stake consensus and aims to enable secure, fast, and low-cost transactions.
Intended Utility
The primary intended utility of VAL is to serve as the native currency for the Validity network, facilitating transactions and network security through its proof-of-stake mechanism. The token is designed to incentivize network participants and serve as a medium of exchange.
Actual Utility Assessment
The project maintains basic blockchain functionality with proof-of-stake consensus. Development activity appears minimal based on public GitHub repositories. The token primarily sees usage for staking and trading purposes.
Token Distribution and Governance
The token distribution information is limited in public sources. The project emerged from a rebranding of an existing cryptocurrency, suggesting some level of established distribution. There is no evidence of excessive founder allocation or concerning vesting schedules.
Technical Infrastructure
Validity operates on its own blockchain using a proof-of-stake consensus mechanism. The technical infrastructure appears functional though development activity is modest.
Sharia Considerations
The core functionality of Validity as a proof-of-stake cryptocurrency does not inherently conflict with Islamic principles. The basic transfer of value and staking mechanisms involve actual asset ownership and utility exchange. No evidence suggests involvement in prohibited activities.
Crypto Impact
To assign a comfort level investing in Validity 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 Validity.
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.