Shentu (CTK)

Utility Token Functions

Shentu's native token, CTK, is used for staking to secure the network and earn rewards, paying for gas fees in smart contract operations, and participating in governance through voting on proposals. It also fuels the ecosystem by paying for security audits, oracle services, and participation in ShentuShield, a decentralized insurance pool.

Security Services

Shentu provides a Security Oracle that performs real-time security checks on on-chain transactions to protect projects from malicious attacks. It also offers ShentuShield, a decentralized reimbursement system that compensates users for crypto losses due to security issues.

Development and Ecosystem Support

Shentu supports developers with a secure programming language called DeepSEA for creating verifiably secure smart contracts. The platform is designed to be interoperable with other blockchains, making it easier to build secure decentralized applications (dApps) and blockchain projects.

Community and Incentives

CTK tokens are used to reward users who contribute to network security and development. The platform also plans yield farming and partnerships to grow its community and integrate security scores and audit histories into crypto aggregators.

Cross-Chain and Compatibility

Shentu Chain is built with cross-chain compatibility, supporting Ethereum Virtual Machine (EVM) and other blockchain standards, enabling secure execution of mission-critical applications like DeFi, NFTs, and autonomous vehicles.

Advantages

• Shentu uses a Delegated Proof-of-Stake (DPoS) consensus, which supports good performance and economics.
• It is built on the Cosmos framework, making it modular and compatible with other blockchains.
• The Shentu Virtual Machine is fully compatible with Ethereum’s EVM, allowing easy integration with Ethereum-based apps.
• It offers real-time security checks through its Security Oracle, helping to detect vulnerabilities in smart contracts.
• ShentuShield provides decentralized insurance, allowing users to get reimbursed for lost or stolen crypto assets due to security issues.
• The platform supports a secure programming language called DeepSEA, which helps create safer smart contracts.
• It has partnerships with major companies and projects like Binance Coin, Hyundai, Crypto.com, and AAVE, showing strong industry trust.
• Users can stake CTK tokens to earn rewards and participate in network governance.

Disadvantages

• Despite decentralization efforts, complete trust in blockchain security cannot be guaranteed without rigorous mathematical proofs.
• The system may face attacks such as malware, denial of service, or consensus-based attacks.
• Running your own staking node can be complex and requires technical expertise to avoid penalties.
• The value of CTK is subject to market fluctuations and supply-demand dynamics, which can affect investment returns.
• Decisions on reimbursements in ShentuShield are made by community members, which may introduce uncertainty.

Founders

Shentu was founded by Ronghui Gu and Zhong Shao. Both are computer science professors with strong backgrounds in security solutions development. They started CertiK, the company behind Shentu, in 2018.

Background

The founders come from prestigious universities and have expertise in computer science and cryptography. Their goal is to build a secure and trustworthy blockchain infrastructure.

Investors in Shentu

Shentu has received investments from several well-known venture capital and technology firms. Key investors include Lightspeed Venture Partners, BITMAIN, Draper Dragon, NEO, YZi Labs, PowerCloud, GSR Ventures, FreesFund, JD Digits, Binance Labs, and OKX Ventures. These investors participated in Shentu's Seed VC funding round, supporting its development as a security-first blockchain platform.

Halal Status of Shentu

• Purpose and Use: Shentu is a blockchain security protocol focused on protecting blockchain networks, smart contracts, and decentralized applications. It provides real-world utility by enhancing security in the blockchain ecosystem.
• Compliance with Islamic Finance Principles: For a crypto token to be halal, it should have inherent value, serve a real-world purpose, and avoid involvement in prohibited activities like riba (interest) or excessive uncertainty (gharar). Shentu’s role as a security infrastructure aligns with these criteria.
• Expert Opinions and Screening: While not explicitly listed in halal crypto lists, Shentu’s function as a security-first, delegated proof-of-stake blockchain with practical applications suggests it can be considered halal, provided it does not engage in interest-based or speculative practices.

Answer: Yes, Shentu is halal because it serves a clear, beneficial purpose in blockchain security and does not inherently involve prohibited financial practices.