FirmaChain

Halal Rating :
Comfortable
Last Price $0.042 Last updated:
Rank 641
1D Change 5.66 %
Market Cap $40.09m
Circulating supply 956,650,101
Maximum supply None

Crypto Overview

Categories
  • Cosmos Ecosystem
  • Ethereum Ecosystem
  • Injective Ecosystem

Overview

FirmaChain is a blockchain platform focused on providing digital contract and document solutions. The project aims to create a transparent and secure environment for electronic contracts and documentation using blockchain technology.

Purpose and Utility

The FCT token serves as the native utility token of the FirmaChain ecosystem. It is used for:

  1. Payment of transaction fees on the network
  2. Compensation for contract creation and verification
  3. Governance participation
  4. Incentivizing network validators

Business Model Analysis

The platform's core business model revolves around legitimate document management and contract verification services. There is no evidence of involvement in prohibited activities like gambling, interest-based lending, or adult content.

Real-World Adoption

FirmaChain has established partnerships with various organizations and businesses, particularly in South Korea. The platform has seen adoption in legal document management and electronic contract systems. The development team maintains regular updates and improvements to the platform.

Token Distribution and Development

The token distribution appears reasonable with appropriate vesting schedules for team members. The project demonstrates ongoing development activity with regular updates to their technology stack and features.

Revenue Model

The revenue model is based on legitimate service fees for document processing and contract verification, avoiding interest-based mechanisms or gambling elements.

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