EtherGem

Halal Rating :
Comfortable
Last Price $0.00015 Last updated:
Rank 7522
1D Change 1.96 %
Market Cap -
Circulating supply 0
Maximum supply None

Crypto Overview

Categories
  • Mineable

Purpose and Utility

EtherGem (EGEM) is a cryptocurrency that was created as a fork of Ethereum, aiming to provide a platform for decentralized applications while maintaining ASIC resistance through its custom mining algorithm. The project intended to create a more democratic and decentralized version of Ethereum.

Business Model Analysis

The project appears to have been designed with legitimate utility in mind, focusing on providing a platform for dApp development and smart contracts. There are no apparent elements that would violate Islamic principles in its core design.

Real-World Adoption and Development

Current research indicates extremely limited development activity in recent years. The project's official channels and repositories show minimal updates, and there is very little evidence of active usage or adoption. The last significant development appears to have been several years ago.

Token Distribution

While the initial distribution information is available, showing a fair launch model with no pre-mine, current token distribution data is limited due to low trading volume and market activity.

Technology Assessment

The underlying technology is based on proven blockchain concepts, utilizing Proof of Work consensus mechanism. The project does not involve interest-bearing mechanisms or forbidden activities in its core protocol.

Rating Justification

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