CORE ID

Overview

CORE ID (CID) is a decentralized identity and credentials verification protocol built on the CORE blockchain. The project aims to provide a secure and private way for users to manage their digital identities and credentials while maintaining control over their personal data.

Purpose and Utility

The primary purpose of CID is to serve as a utility token within the CORE ID ecosystem, enabling users to: verify their identity on the blockchain, manage digital credentials, pay for identity verification services, and participate in the protocol's governance.

Business Model Analysis

The business model appears to focus on legitimate identity management services, which is permissible under Islamic principles. There is no evidence of involvement in prohibited activities such as interest-based lending or gambling.

Development and Adoption

The project shows ongoing development activity with regular updates to its protocol. While adoption is still in early stages, there are signs of growing partnerships with organizations needing decentralized identity solutions.

Token Distribution

Token distribution information indicates a reasonable allocation between development team, ecosystem growth, and public distribution. Vesting schedules are in place for team allocations, suggesting commitment to long-term development.