KOI
Crypto Overview
Purpose and Utility
KOI (KOAI) is a cryptocurrency designed to incentivize and reward contributions to a decentralized network of content attestation and web archival. The KOI protocol enables users to register, store, and verify web content while rewarding participants for identifying and preserving truthful information.
Business Model Analysis
The KOI Network operates on a transparent model where token holders can earn rewards by running nodes that help archive and verify web content. This core functionality aligns with Islamic principles as it provides a legitimate service and involves real value exchange between participants.
Platform Development and Adoption
The project maintains active development on GitHub with regular updates to its core protocol. The KOI Network has established partnerships with several web archival projects and content verification platforms, demonstrating practical implementation of its stated utility.
Token Distribution
KOI's token distribution shows a balanced allocation with approximately 30% reserved for the development team and early investors, subject to vesting periods. The majority of tokens are allocated for network rewards and community development.
Revenue Model Assessment
The primary revenue mechanisms involve compensation for providing valuable network services (content attestation and web archival) rather than interest-based or gambling activities. Node operators earn rewards for contributing to network security and content verification.
Crypto Impact
To assign a comfort level investing in KOI 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 KOI.
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.