EYE Network
Crypto Overview
Purpose and Utility
EYE Network is a token created to support decentralized security surveillance and video data protocols. The project aims to enable real-world surveillance infrastructure using blockchain technology.
Business Model Analysis
The token serves three main functions: governance rights for protocol decisions, rewards for security device operators who contribute surveillance data, and payment for accessing the network's video/security services. The business model appears to focus on legitimate technological services without involvement in prohibited activities.
Development and Adoption
The project shows limited but ongoing development activity. While adoption remains in early stages, there are some pilot implementations being tested for surveillance applications.
Token Distribution
Available information suggests a relatively standard token distribution model, with allocations for development, marketing, and community growth. Specific vesting schedules for team tokens are in place.
Additional Considerations
The project does not involve interest-bearing mechanisms or prohibited industries. The core technology focuses on security and surveillance infrastructure, which is permissible under Islamic principles.
Crypto Impact
To assign a comfort level investing in EYE 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 EYE 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.
You can change your vote if you change your mind.