Kage Network
Crypto Overview
Project Overview
The Kage Network is a modular blockchain security protocol that aims to provide enhanced privacy features for DeFi transactions. The KAGE token serves as a utility token within the network, used for governance and to pay for privacy-preserving transaction services.
Purpose and Utility
The primary stated purpose of KAGE is to enable private DeFi transactions while maintaining regulatory compliance. The token is used to pay for transaction privacy services and participate in protocol governance. Currently, the token's actual usage aligns with its intended purpose, though adoption remains in early stages.
Business Model Analysis
The business model centers around providing privacy services for legitimate blockchain transactions. The protocol does not facilitate lending, gambling, or other problematic activities. Revenue is generated through service fees paid in KAGE tokens.
Development Activity
The project maintains active development on GitHub, with regular updates to the protocol's core privacy features. The team has demonstrated consistent progress in implementing their roadmap.
Token Distribution
The token distribution appears reasonable, with approximately 15% allocated to the founding team with a 2-year vesting period. The majority of tokens are distributed between the community treasury, liquidity mining, and early contributors.
Crypto Impact
To assign a comfort level investing in Kage Network 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 Kage Network.
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