Destra Network

Halal Rating :
Comfortable
Last Price $0.38 Last updated:
Rank 221
1D Change 8.70 %
Market Cap $371.41m
Circulating supply 969,023,439
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • AI & Big Data
  • Ethereum Ecosystem
  • DePIN

Overview

Destra Network is a blockchain-based project that aims to provide decentralized syncing and storage solutions. The DSYNC token serves as the native utility token of the platform.

Project Analysis

Purpose and Utility: The project's stated purpose is to enable decentralized file synchronization and storage services. The DSYNC token is designed to be used for paying network fees and participating in governance.

Business Model: The platform appears to focus on legitimate technological utilities in the decentralized storage space, without involvement in prohibited activities like gambling or interest-based lending.

Development Activity: Research indicates limited public information about current development progress or team activity. The project appears to be in early stages.

Token Distribution: Information about token distribution and vesting schedules is not readily available in public sources.

Current Usage

At present, there is limited verifiable information about active usage or adoption of the Destra Network platform. The project appears to be in development phase with minimal public activity.

Crypto Impact

To assign a comfort level investing in Destra 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 Destra 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.

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