Everest
Crypto Overview
Overview
Everest is a blockchain platform that aims to provide digital identity and biometric verification services. The project combines a digital identity platform (EverID) with a multi-currency wallet and a native token (ID) that powers the ecosystem.
Purpose and Utility
The ID token serves multiple functions within the Everest ecosystem: It is used as payment for identity verification services, as a governance token for protocol decisions, and as a utility token for accessing various platform services. The primary focus is on providing verified digital identities that can be used across different applications and services.
Business Model Assessment
The business model appears to be focused on legitimate utility through identity verification services, which is a permissible activity under Islamic principles. The platform does not engage in interest-bearing activities or prohibited industries.
Real-World Adoption
The project has established partnerships with various organizations and governments for identity verification services. However, current usage metrics for the ID token specifically are relatively modest.
Platform Development
Development activity continues on the platform, with regular updates to the core infrastructure. The team maintains an active GitHub repository and provides regular technical updates.
Token Distribution
The token distribution includes allocations for the team, development, and community growth. There are vesting schedules in place for team tokens, which helps align long-term incentives.
Crypto Impact
To assign a comfort level investing in Everest 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 Everest.
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.