Fluence
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in Fluence 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 Fluence.
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.