CENNZnet
Crypto Overview
Overview
CENNZnet was a blockchain platform developed by Centrality, designed to enable the creation of decentralized applications (dApps) with a focus on user experience and scalability. It utilized a dual-token system with CENNZ serving as the primary utility token and CPAY as a stable payment token.
Important Update
As of 2023, the CENNZnet project has been discontinued. The development team announced the shutdown of the network, and the project is no longer actively maintained or developed. The token CENNZ has effectively ceased trading on major exchanges.
Historical Intended Utility
The platform was originally designed to provide several key functionalities: governance of the network, staking for network security, fee payment for transactions, and access to platform services. The project aimed to create an ecosystem for decentralized applications with a focus on real-world utility.
Token Distribution and Governance
The initial token distribution included allocations to the development team, early investors, and public sale participants. However, with the project's discontinuation, the token distribution and governance structures are no longer relevant.
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.