Divi

Halal Rating :
Comfortable
Last Price $0.00 Last updated:
Rank 1431
1D Change -0.29 %
Market Cap $4.28m
Circulating supply 4,100,215,402
Maximum supply None

Crypto Overview

Categories
  • Mineable
  • Asset Management
  • Masternodes
  • Wallet

Overview

Divi is a cryptocurrency project launched in 2018 that aims to make cryptocurrency more accessible to mainstream users through simplified staking, masternodes, and mobile-first solutions. The project focuses on removing technical barriers to cryptocurrency adoption while providing income-generating opportunities through its proof-of-stake consensus mechanism.

Intended Utility

Divi's primary intended utilities include: serving as a medium of exchange, enabling simplified proof-of-stake validation through masternodes, and powering a mobile-first blockchain ecosystem. The project emphasizes user-friendly interfaces and simplified technical processes.

Actual Utility and Implementation

The cryptocurrency demonstrates actual utility through its operational proof-of-stake network, functional masternode system, and mobile wallet implementation. The project maintains active development with regular updates to its core infrastructure.

Token Distribution and Governance

The initial distribution included a fair launch mechanism with no pre-mine. The project implements a transparent rewards system for masternode operators and stakers. Development funding comes from a portion of block rewards, which helps ensure continuous platform improvement.

Revenue Model Analysis

Revenue generation primarily comes from block rewards distributed to masternode operators and stakers. While this involves earning rewards, it represents payment for network security services rather than interest-based income, making it potentially compatible with Islamic finance principles.

Development Activity

The project maintains active development with regular GitHub commits and updates to its core infrastructure. The team consistently delivers on roadmap milestones, focusing on technical improvements rather than marketing hype.

Crypto Impact

To assign a comfort level investing in Divi 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 Divi.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

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Justification for our Halal Rating