Enegra (EGX)

Halal Rating :
Comfortable
Contract: 0xA8C557c7ac1626EacAa0e80fAc7b6997346306E8
Last Price $190 Last updated:
Rank 4030
1D Change 0.06 %
Market Cap -
Circulating supply 0
Maximum supply None

Crypto Overview

Categories
  • Polygon Ecosystem

Overview

Enegra Group Ltd is a commodities trading company that tokenized 100% of its equity using the Polygon blockchain, with each EGX token representing one ordinary share. The company primarily focuses on commodity trading, particularly in the energy and metals sectors across Asia.

Purpose and Utility

EGX tokens represent actual ownership shares in Enegra Group Ltd, a real-world commodities trading business. The tokens provide shareholders with dividend rights and voting power, making them digital representations of traditional company shares. This creates clear utility as an ownership instrument.

Business Model Analysis

Enegra's core business involves facilitating trade in physical commodities like coal, metals, and other natural resources. The company generates revenue through trading operations and logistics services. This business model appears to align with Islamic principles as it involves the trade of real assets and creates tangible economic value.

Real-World Adoption

Enegra is an established company that reports substantial trading volumes in its commodities business. The tokenization of shares occurred in partnership with Polygon and was executed by regulated entities. While token trading volume may be limited, the underlying business continues to operate in traditional commodities markets.

Development and Platform Activity

The EGX token itself is a relatively simple implementation of equity tokenization on the Polygon blockchain. The focus is not on technical development but rather on representing real-world share ownership digitally.

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