Coinweb
Crypto Overview
Project Overview
Coinweb is a layer-2 cross-chain computation platform that aims to enable interoperability between different blockchain networks. The project's main utility is to allow developers to build applications that can operate across multiple blockchains simultaneously, making blockchain interactions more efficient and user-friendly.
Intended Utility
The CWEB token serves multiple purposes within the Coinweb ecosystem: it's used for platform governance, paying transaction fees, and incentivizing network participants. The token is essential for the platform's cross-chain bridge operations and validator rewards.
Actual Utility Analysis
The platform has demonstrated real utility through its cross-chain infrastructure, with several partnerships including notable ones with Centaurus, BMW, and Knox Networks. The development team maintains active GitHub repositories with regular updates to the protocol.
Token Distribution and Founder Analysis
Initial token distribution included allocations for development (30%), ecosystem growth (25%), team and advisors (20%), and public sale (25%). Team tokens are subject to a vesting schedule over 24 months, showing commitment to long-term development. The project maintains transparency in its operations and token economics.
Technology and Revenue Model
Coinweb's revenue model is based on transaction fees and platform usage, not on interest-bearing mechanisms. The cross-chain computation platform facilitates legitimate business operations without involving prohibited activities.
Crypto Impact
To assign a comfort level investing in Coinweb 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 Coinweb.
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.