Circuits of Value

Halal Rating :
Comfortable
Last Price $0.0009 Last updated:
Rank 1803
1D Change -3.71 %
Market Cap $1.61m
Circulating supply 1,784,838,484
Maximum supply None

Crypto Overview

Categories
  • Collectibles & NFTs
  • DeFi
  • Ethereum Ecosystem
  • Polygon Ecosystem
  • Bitcoin Ecosystem

Purpose and Utility

Circuits of Value (COVAL) is an ERC-20 token that powers Emblem Vault, a platform that allows users to bundle multiple cryptocurrencies and NFTs into a single transferable token. The primary utility of COVAL is to serve as the governance token for the Emblem platform and to pay for transaction fees when creating or transferring vaults.

Business Model Analysis

The business model appears to focus on providing a legitimate technological service - the ability to package and transfer multiple digital assets efficiently. This core functionality does not involve any inherently prohibited activities like interest-bearing loans or gambling.

Real-World Adoption

The project has demonstrated actual usage through its Emblem Vault platform, with users actively creating and trading multi-token vaults. While adoption remains relatively modest, there is evidence of genuine utility being delivered.

Development Activity

The project maintains active development, with regular updates to the Emblem Vault platform. The team continues to expand functionality and improve the user experience, indicating ongoing commitment to the project's stated goals.

Token Distribution

Token distribution information shows a relatively balanced allocation, with no concerning concentration in founder or team wallets that would suggest a scheme to enrich founders. The project has maintained transparency regarding token economics.

Rating Justification

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