VitaDAO
Crypto Overview
Overview
VitaDAO is a decentralized autonomous organization (DAO) focused on funding and advancing longevity research and drug development. The VITA token serves as both a governance and ownership token within the ecosystem.
Purpose and Utility
The VITA token has clear utility as it represents ownership in the intellectual property rights of funded research projects and enables holders to participate in governance decisions. Token holders can vote on which longevity research projects to fund and have partial ownership rights to any successful developments.
Business Model
VitaDAO operates by collectively funding early-stage longevity research projects. When these projects generate intellectual property or lead to successful developments, token holders benefit from the commercialization of these discoveries. This model aligns with Islamic principles as it involves genuine value creation through scientific research and development.
Real-World Adoption
VitaDAO has funded multiple research projects in partnership with established institutions and has an active community of scientists and researchers. The DAO has successfully funded several longevity research projects and has established partnerships with research institutions.
Platform Development
The project maintains active development and governance processes. Regular proposals and voting activities demonstrate consistent usage of the token for its intended purpose.
Token Distribution
The token distribution appears reasonable with no excessive concentration among founders. There are vesting schedules in place for early contributors and team members.
Crypto Impact
To assign a comfort level investing in VitaDAO 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 VitaDAO.
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.