Fluence

Halal Rating :
Comfortable
Contract: 0x236501327e701692a281934230af0b6be8df3353
Last Price $0.056 Last updated:
Rank 1244
1D Change -5.42 %
Market Cap $5.02m
Circulating supply 90,433,243
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • Ethereum Ecosystem
  • DePIN

Project Overview

Fluence is a decentralized protocol that enables peer-to-peer application hosting and deployment. The FLT token is used for network governance and incentivizing node operators who provide computational resources.

Purpose and Utility

The primary purpose of FLT is to facilitate the operation of the Fluence network where developers can deploy distributed applications. Node operators are rewarded with FLT tokens for providing computational resources, while developers spend FLT to deploy and run their applications on the network.

Business Model Evaluation

The business model revolves around creating a decentralized marketplace for computational resources. This model appears to be halal as it involves the legitimate exchange of services (computational resources) for value (FLT tokens). There is no evidence of involvement in prohibited activities.

Real-World Adoption

The project has shown moderate adoption with several partnerships and integrations, including collaborations with IPFS and Ethereum. The network currently has active nodes providing computational resources, though exact usage metrics are limited.

Development Activity

The project maintains active development on GitHub, with regular updates to the protocol and developer tools. The team consistently releases technical updates and improvements to the network architecture.

Token Distribution

The token distribution includes allocations for the team, early investors, and the community. While specific percentages are not publicly available, the project implements standard vesting schedules for team and investor allocations to prevent early dumping.

Rating Justification

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