Ethernity CLOUD
Crypto Overview
Purpose and Utility
Ethernity CLOUD aims to create a decentralized confidential computing network that enables users to run cloud computing workloads while maintaining data privacy. The ECLD token serves as the native currency for paying and receiving compensation for cloud computing services within the ecosystem.
Business Model Analysis
The project's business model focuses on providing decentralized cloud computing services, which is inherently halal as it involves the exchange of legitimate computing resources for compensation. The platform emphasizes privacy and security without facilitating any prohibited activities.
Real-World Adoption
The project is still in development phase with limited adoption. While the testnet is operational, the mainnet launch is pending. Current usage primarily revolves around development and testing of the network infrastructure.
Platform Development
The project maintains active development on GitHub, with regular updates to their codebase. The team continues to work on implementing core features of their decentralized cloud computing platform.
Token Distribution
According to available information, the token distribution includes allocations for development, marketing, and ecosystem growth. The project implements vesting schedules for team tokens to align long-term incentives.
Crypto Impact
To assign a comfort level investing in Ethernity CLOUD 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 Ethernity CLOUD.
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.