ETNA Network

Halal Rating :
Comfortable
Last Price $0.0001 Last updated:
Rank 2998
1D Change -23.73 %
Market Cap $1260.28
Circulating supply 12,079,542
Maximum supply 100,000,000
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Collectibles & NFTs
  • DeFi
  • Staking
  • Yield Farming
  • Lending & Borrowing
  • Metaverse
  • Polygon Ecosystem
  • Play To Earn
  • Oxbull
  • BNB Chain Ecosystem

Overview

ETNA Network is a blockchain project that aims to provide decentralized financial services and trading infrastructure. The platform's stated purpose is to offer tools for creating decentralized exchanges, trading platforms, and financial applications.

Purpose and Utility

The ETNA token serves as a utility token within the ETNA Network ecosystem. It is designed to facilitate platform governance, staking, and access to various platform features. The token is also used for transaction fees and rewards within the network.

Business Model and Current Usage

The platform focuses on providing infrastructure for decentralized trading and financial services. However, current usage appears to be limited, with most activity centered around token trading rather than the platform's intended infrastructure utilities.

Development Activity

While the project has a presence on various social media platforms and cryptocurrency exchanges, development activity appears to be minimal based on publicly available information. The project's GitHub repositories show limited recent updates.

Token Distribution and Governance

Information about token distribution and vesting schedules is not readily available through official channels, which raises some transparency concerns. However, this lack of information alone does not make the project haram.

Crypto Impact

To assign a comfort level investing in ETNA Network 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 ETNA Network.

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.

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