Equilibria Finance

Halal Rating :
Comfortable
Contract: 0xfE80D611c6403f70e5B1b9B722D2B3510B740B2B
Last Price $0.32 Last updated:
Rank 1021
1D Change -2.30 %
Market Cap $10.6m
Circulating supply 33,402,692
Maximum supply 100,000,000

Crypto Overview

Categories
  • DeFi
  • Ethereum Ecosystem
  • Yield Farming
  • Arbitrum Ecosystem

Project Overview

Equilibria Finance (EQB) is a decentralized cryptocurrency project that operates as a decentralized autonomous organization (DAO) focused on building blockchain infrastructure and providing staking services. The project's main utility comes from operating validator nodes and providing infrastructure services across multiple blockchain networks.

Purpose and Utility

The primary purpose of EQB is to serve as a governance token for the Equilibria DAO and to represent ownership in the organization's validator node operations. Token holders can participate in governance decisions and receive rewards from the validator operations.

Business Model Analysis

The project generates value through legitimate validator node operations across multiple blockchain networks, which is a halal activity as it provides real infrastructure services. The business model is based on securing blockchain networks through Proof of Stake validation, which involves actual asset ownership and value creation.

Development and Adoption

The project maintains active development with regular updates to their validator infrastructure. While adoption is currently limited, this is not a concern for Sharia compliance purposes as the underlying business model is halal.

Token Distribution

The token distribution appears to be relatively fair, with no concerning concentration in founder wallets. There are vesting schedules in place for team allocations.

Revenue Model

The primary revenue streams come from validator rewards and infrastructure services, which are halal activities as they involve providing actual services and creating value in the blockchain ecosystem.

Rating Justification

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