Apron Network

Halal Rating :
Comfortable
Last Price $0.00074 Last updated:
Rank 2746
1D Change 1.53 %
Market Cap $69059.21
Circulating supply 93,500,000
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • Polkadot Ecosystem

Project Overview

Apron Network is a decentralized infrastructure provider that aims to make Web3 services more accessible and easier to use. The project's main focus is on creating a marketplace for API services and infrastructure components that can be used by blockchain developers.

Purpose and Utility

The APN token serves multiple purposes within the Apron ecosystem: It's used for governance, staking to run nodes, and as payment for API services within the network. Node operators can earn APN tokens by providing infrastructure services, while developers pay for these services using the token.

Business Model Analysis

The business model appears to be focused on legitimate infrastructure development and service provision. There is no evidence of involvement in prohibited activities such as interest-based lending, gambling, or adult content. The model is based on facilitating real service exchange between providers and users.

Development and Adoption

While the project shows continued development activity on GitHub, actual adoption and usage metrics are relatively limited. The team maintains regular updates to their infrastructure and documentation, indicating ongoing legitimate development efforts.

Token Distribution

The token distribution includes allocations for development, ecosystem growth, and community incentives. While specific vesting details are not widely published, there's no evidence of concerning concentration in founder holdings or suspicious selling patterns.

Crypto Impact

To assign a comfort level investing in Apron Network 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 Apron Network.

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