Inery
Crypto Overview
Overview
Inery is a layer-1 blockchain project that aims to provide decentralized database management solutions. The project claims to enable secure data management through its distributed database system.
Purpose and Utility
The INR token serves as the native cryptocurrency of the Inery ecosystem, used for transaction fees, staking for network security, and governance. The project focuses on providing database solutions for enterprises and developers.
Business Model
Inery's business model revolves around providing decentralized database infrastructure. The platform allows users to store, retrieve, and transfer data in a decentralized manner. This core functionality aligns with halal principles as it provides genuine utility through technology services.
Development and Adoption
The project maintains active development, with regular updates to their technology stack. While adoption remains in early stages, the project has announced partnerships with various organizations for implementing their database solutions.
Token Distribution and Governance
The token distribution includes allocations for development, ecosystem growth, and community incentives. The project implements a staking mechanism for network security and governance.
Revenue Model
The platform generates revenue through legitimate means, primarily from providing database management services and transaction fees. These revenue streams do not involve interest-based mechanisms or prohibited activities.
Crypto Impact
To assign a comfort level investing in Inery 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 Inery.
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.