Innova
Crypto Overview
Overview
Innova (INN) is a cryptocurrency that was launched as a proof-of-stake blockchain platform. The project appears to have minimal recent development activity and limited available information about its current status.
Purpose and Utility
The original stated purpose of Innova was to serve as a proof-of-stake cryptocurrency focusing on decentralized payments and transactions. However, current utility and usage appears extremely limited based on available on-chain data.
Business Model Assessment
The project's business model centered around providing a decentralized payment network. This core functionality aligns with halal principles as it facilitates the exchange of value. No evidence was found of the project engaging in prohibited activities like interest-based lending or gambling.
Development Activity
Public development activity appears minimal based on available repository data. The project's community presence and ecosystem development show limited recent activity.
Token Distribution and Founder Analysis
Due to limited publicly available information, a complete analysis of token distribution and founder involvement cannot be conclusively determined. No clear evidence was found of concerning founder behavior or token distribution patterns that would indicate a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in Innova 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 Innova.
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.