Internxt
Crypto Overview
Project Overview
Internxt is a decentralized cloud storage platform that aims to provide secure, private, and encrypted file storage services. The INXT token serves as the platform's native cryptocurrency, used for payments within the ecosystem.
Purpose and Utility
The primary purpose of INXT is to facilitate payments for storage services on the Internxt platform. Users can purchase storage space using INXT tokens, and node operators can earn INXT for providing storage capacity to the network.
Business Model Analysis
The business model appears to be straightforward and legitimate: providing decentralized cloud storage services in exchange for payment. This aligns with halal principles as it involves a clear exchange of value (storage space for payment) and provides genuine utility.
Development and Adoption
The platform shows consistent development activity, with regular updates to their products including Internxt Drive, Photos, and Send. The project maintains active GitHub repositories and has achieved notable user adoption, with millions of registered users according to their public statistics.
Token Distribution and Governance
INXT tokens are primarily used for service payments and node operator rewards. The token distribution appears reasonable, with no concerning concentration in founder or early investor wallets that might indicate a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in Internxt 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 Internxt.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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