Cere Network
Crypto Overview
Overview
Cere Network is a decentralized data cloud platform built on Polkadot that aims to help enterprises manage and integrate customer data securely. The CERE token is used for network governance, staking, and accessing platform services.
Purpose and Utility
The primary purpose of CERE is to facilitate operations within the Cere Network ecosystem. It serves as: 1) A utility token for accessing decentralized data services, 2) A governance token for protocol decisions, 3) A staking token for network security.
Business Model Evaluation
The business model focuses on providing decentralized data infrastructure services to enterprises, which is permissible under Islamic principles. There is no evidence of involvement in prohibited activities like interest-based lending or gambling.
Real-World Adoption
The platform has established partnerships with several enterprises and is actively being developed. While adoption is still in early stages, there is evidence of genuine utility and ongoing development activity.
Token Distribution
The token distribution includes allocations for team members and early investors with standard vesting periods. The distribution structure appears reasonable and aligned with project development needs rather than quick profit-taking.
Development Activity
The project maintains active development on GitHub, with regular updates to its core infrastructure and continuous improvements to its data management solutions.
Crypto Impact
To assign a comfort level investing in Cere 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 Cere Network.
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.