Decentr
Crypto Overview
Overview
Decentr (DEC) is a blockchain protocol that aims to redefine how personal data is valued and exchanged online. The project's core proposition is to give users control over their personal data and allow them to monetize it through a decentralized platform.
Purpose and Utility
The DEC token serves as the native currency within the Decentr ecosystem. Its primary utilities include: governance rights for protocol decisions, rewards for data sharing, and payment for services within the platform. Users can earn DEC tokens by sharing their browsing data and online activity through the Decentr browser.
Business Model Analysis
The business model focuses on creating a fair exchange of value between users and data consumers, which aligns with Islamic principles of fair trade and transparency. The platform does not involve interest-bearing mechanisms or prohibited activities.
Development and Adoption
The project shows ongoing development activity, though at a moderate pace. The Decentr browser is operational, allowing users to earn rewards for their data. However, real-world adoption remains limited.
Token Distribution
The token distribution appears reasonable with mechanisms in place to prevent concentration of tokens. Team tokens have vesting periods, which helps align long-term interests.
Crypto Impact
To assign a comfort level investing in Decentr 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 Decentr.
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.