Charli3 is a decentralized Oracle network designed for Cardano, providing secure and reliable off-chain data solutions. It offers decentralized price-feeds, on-chain randomness, and data integration capabilities. Notably, Charli3 currently does not have any projects, products, or services that conflict with Shariah principles.
| Category | Details | Status |
|---|---|---|
| Legitimacy | The presence of a roadmap demonstrates that the project has a well-defined plan for its development and progress. Clear information about the team behind Charli3 is indicative of transparency and accountability. Regular updates on social media platforms suggest an active and engaged community. Moreover, providing clear project details in documents showcases a commitment to transparency and credibility. | Passed |
| Project | Charli3 is a decentralized Oracle network specifically built for the Cardano blockchain, addressing the unique requirements of Cardano and its projects. It offers a secure and reliable solution for gathering off-chain data for on-chain applications through its decentralized node network and strict consensus protocols. Charli3's Oracle smart contracts connect trusted information from the external world through its nodes, enabling decentralized price-feeds, on-chain source of randomness, and the ability to load off-chain data onto the blockchain. With a Cardano-centric approach, Charli3 provides easier integration with Cardano projects and aims to overcome the scalability and cost issues associated with Ethereum-based oracles, making it valuable for various DeFi solutions, stablecoins, decentralized exchanges, and more. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | C3 tokens serve as both the utility and governance token within the Charli3 ecosystem. They have multiple use cases, including staking, rewards, and governance. To become node operators and send data requests, users need C3 tokens, with the node ratings dependent on the stake available. Node operators also earn C3 tokens as rewards for processing data. Additionally, in the future, C3 tokens will be used for voting on platform changes, providing token holders with a say in the decision-making process. | Passed |
| Staking Method | Node operators within the Charli3 network can earn C3 tokens as rewards for their involvement in processing data. | Passed |
Read the source document and verify project fundamentals.