Idena
Crypto Overview
Purpose and Utility
Idena is a proof-of-person blockchain platform that aims to create a decentralized system for human identity verification. The network validates unique human participation through AI-resistant CAPTCHA-like image flipbook tests, ensuring one-person-one-vote principle.
Business Model
The platform rewards participants (called 'identities') for validating other users through regular validation ceremonies. Users solve visual puzzles to prove their humanity and validate others, receiving IDNA tokens as rewards. This creates a network of verified human participants.
Real-World Adoption
As of 2024, Idena has over 12,000 validated identities participating in regular validation ceremonies. The network conducts bi-weekly validation ceremonies where participants must solve flip-tests simultaneously.
Platform Development
The project maintains active development with regular updates to its core protocol. The GitHub repository shows consistent commits and improvements to the validation mechanism and network infrastructure. The team regularly publishes technical updates and maintains transparency in development progress.
Token Distribution
IDNA tokens are primarily distributed through mining rewards to validated identities. There was no ICO or pre-mine, suggesting a fair launch model. The token distribution appears relatively decentralized among network participants.
Revenue Model
The platform's revenue model is based on rewards for participation in validation ceremonies and securing the network. It does not involve interest-bearing mechanisms or prohibited activities under Islamic law.
Crypto Impact
To assign a comfort level investing in Idena 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 Idena.
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.