Empower
Crypto Overview
Overview
Empower (MPWR) is a cryptocurrency that aims to create a decentralized lending platform powered by real-world assets. The project intends to facilitate lending and borrowing operations backed by physical assets.
Purpose and Utility
The primary stated purpose of Empower is to enable lending and borrowing services through their platform. The protocol allows users to use real-world assets as collateral for loans, with the MPWR token serving as the governance token for the platform.
Business Model Analysis
The core business model revolves around lending and borrowing activities, which when not done as an act of charity, are generally considered non-compliant with Islamic finance principles. The platform generates revenue through fees from lending operations and interest-based mechanisms.
Real-World Adoption
Current adoption metrics show that the platform is being actively used for its intended lending purposes. The protocol has processed multiple lending transactions and maintains active lending pools.
Development Activity
The project shows ongoing development activity with regular updates to the protocol and platform features. The team maintains an active GitHub repository with consistent commits.
Token Distribution
Available data indicates that a significant portion of tokens is allocated to the team and early investors, with vesting schedules in place. The token is primarily used for governance and as collateral within the lending platform.
Crypto Impact
To assign a comfort level investing in Empower 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 Empower.
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.