EG Token
Crypto Overview
Overview
EG Token is a utility token designed to power the Engaged Nation platform, which provides gamified marketing solutions for businesses. The token integrates with their existing rewards platform infrastructure.
Purpose and Utility
The intended purpose of EG Token is to serve as the primary currency within the Engaged Nation ecosystem, enabling users to earn and spend tokens through participation in marketing campaigns and promotional activities. The token can be used to purchase real products and services from participating merchants.
Business Model Analysis
The business model appears to be focused on legitimate marketing services and customer engagement solutions. There is no evidence of prohibited activities like gambling or interest-based lending. The platform emphasizes transparency in its operations.
Real-World Adoption
Current adoption appears to be in early stages, with the token primarily being used within the Engaged Nation platform ecosystem. While trading volume exists on decentralized exchanges, the primary utility remains tied to the platform's marketing services.
Development Activity
The project maintains regular development updates and platform improvements, though the focus appears to be more on the business implementation than blockchain development.
Token Distribution
Token distribution shows a relatively balanced allocation between the team, platform operations, and public circulation. Vesting schedules are in place for team tokens, indicating some level of commitment to long-term development.
Crypto Impact
To assign a comfort level investing in EG Token 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 EG Token.
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.