EVRYNET
Crypto Overview
Overview
Evrynet is a blockchain platform designed to serve as an intelligent financial service platform for Central Bank Digital Currencies (CBDCs), Decentralized Finance (DeFi), and traditional finance applications. The EVRY token serves as the native utility token of the ecosystem.
Stated Purpose and Utility
The EVRY token is designed to: 1) Facilitate governance of the protocol through voting rights, 2) Serve as a means of payment for transaction fees on the network, 3) Enable staking for network security.
Business Model Analysis
The platform's core business model revolves around providing blockchain infrastructure for financial applications. While the project includes staking mechanisms, these appear to be focused on network security rather than lending or interest-bearing products.
Development and Adoption
Development activity appears to have significantly slowed since 2022, with limited recent updates to the platform's codebase. The project has achieved some partnerships, particularly in Southeast Asia, though current adoption metrics show limited active usage.
Token Distribution
Initial token distribution allocated significant portions to team members and early investors, with standard vesting periods implemented. The project maintained reasonable transparency regarding token allocation and vesting schedules.
Crypto Impact
To assign a comfort level investing in EVRYNET 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 EVRYNET.
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.