Etho Protocol

Halal Rating :
Comfortable
Last Price $0.011 Last updated:
Rank 2094
1D Change -0.10 %
Market Cap $845849.37
Circulating supply 78,120,192
Maximum supply None
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Mineable
  • Distributed Computing
  • Filesharing
  • Masternodes
  • Ethereum Ecosystem
  • Storage
  • BNB Chain Ecosystem
  • Base Ecosystem
  • DePIN

Overview

Etho Protocol (ETHO) is a blockchain platform focused on decentralized storage and hosting solutions. The project aims to provide decentralized content delivery network (dCDN) services and web hosting capabilities.

Purpose and Utility

The primary purpose of ETHO is to serve as the native utility token for the Etho Protocol ecosystem. It is used to pay for decentralized storage, hosting services, and network operations. Node operators receive ETHO tokens as rewards for providing storage and hosting infrastructure.

Business Model Evaluation

The business model appears to be focused on providing legitimate technological services in the form of decentralized storage and hosting. These core functions do not involve any prohibited activities like gambling, interest-based lending, or adult content.

Real-World Adoption

The project shows limited but existing adoption. The network maintains active nodes providing storage and hosting services, though usage metrics are modest compared to larger platforms.

Development Activity

Development activity appears to be ongoing but at a measured pace. The project maintains its core infrastructure and makes periodic updates to its technology stack.

Token Distribution

Available information suggests a relatively fair token distribution model, with no concerning concentration among founders or early investors. The project uses a proof-of-work consensus mechanism for token generation.

Crypto Impact

To assign a comfort level investing in Etho Protocol 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 Etho Protocol.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

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