Deutsche eMark
Crypto Overview
Overview
Deutsche eMark (DEM) is a cryptocurrency that was created in 2013 as a digital currency focused on the German-speaking market. The project aimed to provide a digital payment solution with German roots.
Purpose and Utility
The stated purpose of Deutsche eMark was to serve as a medium of exchange, particularly targeting German-speaking users. However, research indicates extremely limited current development activity or real-world adoption.
Business Model
The project operates as a basic cryptocurrency for payments and transfers. There are no apparent mechanisms involving riba (interest) or other prohibited activities in its core functionality.
Development and Adoption
Current development activity appears minimal, with limited recent updates to the project's codebase. Market data shows very low trading volume and limited adoption.
Token Distribution
Due to the age of the project and limited available information, detailed data about token distribution and founder holdings is not readily accessible. The project appears to have been community-driven rather than controlled by a central team.
Crypto Impact
To assign a comfort level investing in Deutsche eMark 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 Deutsche eMark.
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.