Cherry Network
Crypto Overview
Project Overview
Cherry Network is a decentralized storage and compute platform that aims to provide Web3 infrastructure. It operates as a Layer-1 blockchain specifically designed for content delivery and cloud services.
Intended Purpose
The platform's primary purpose is to offer decentralized storage solutions, content delivery networks (CDN), and cloud computing services. CHER tokens are used for network governance, paying for storage and compute resources, and validator staking.
Business Model & Implementation
The network operates through a system of nodes that provide storage and computing resources. Users pay for these services using CHER tokens, while node operators earn rewards for providing infrastructure. The business model focuses on providing actual technological utility rather than speculative trading.
Development Activity
The project maintains an active GitHub repository with regular commits and updates. The development team continues to work on implementing core features and improving the network's capabilities.
Token Distribution & Governance
CHER tokens are distributed across various stakeholders, including the development team, early investors, and the community. The project implements a standard vesting schedule for team allocations to ensure long-term alignment of interests.
Current Usage
While the network is still in its early stages, it has begun to attract developers and users interested in decentralized storage solutions. The primary use case remains focused on its core infrastructure services rather than speculative trading.
Crypto Impact
To assign a comfort level investing in Cherry 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 Cherry 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.