Kinic
Crypto Overview
Purpose and Utility
Kinic is a decentralized search engine project that aims to provide censorship-resistant access to blockchain and Web3 information. The KINIC token is designed to serve as a utility token within the Kinic ecosystem, used for governance and incentivizing node operators who maintain the search infrastructure.
Business Model
The core business model involves providing decentralized search capabilities, with node operators being rewarded in KINIC tokens for maintaining the network's infrastructure. This model appears to align with halal principles as it provides a clear utility and involves the exchange of value for services.
Development and Platform Activity
The project has shown consistent development activity, with its search engine functionality being operational. The platform allows users to search across various blockchain networks and decentralized platforms.
Token Distribution and Governance
The token distribution includes allocations for development, community incentives, and node operators. While specific percentages are not publicly available, the token serves a functional purpose in the ecosystem's governance and operational incentive structure.
Technology and Revenue Model
The technology focuses on search functionality and data indexing, without involving interest-bearing mechanisms or lending. The revenue model is based on providing search services and maintaining network infrastructure, which aligns with Islamic principles.
Crypto Impact
To assign a comfort level investing in Kinic 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 Kinic.
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.