CENNZnet
Crypto Overview
Purpose and Utility
CENNZnet was designed as a public blockchain network focused on providing infrastructure for decentralized applications (dApps) with a specific emphasis on NFTs and tokenization. The project aimed to offer a platform for developers to build various applications with features like smart contracts and cross-chain interoperability.
Business Model Evaluation
The platform's core functionalities appear to be halal-compliant as they focus on legitimate technological use cases including smart contract deployment, NFT creation, and cross-chain asset transfers. No inherently haram activities were found in the core protocol design.
Development and Usage Analysis
As of 2024, development activity appears to have significantly decreased, with the last major updates occurring in 2022. The official website is no longer accessible, and community engagement has declined substantially. While this indicates limited current utility, it does not impact halal classification as the core technology remains permissible.
Token Distribution and Governance
CENNZ tokens were initially distributed through a token sale, with allocations to the development team and early investors. The token was designed to serve as both a utility token for network operations and a governance token for protocol decisions.
Crypto Impact
To assign a comfort level investing in CENNZnet 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 CENNZnet.
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.