LanaCoin
Crypto Overview
Overview
LanaCoin (LANA) is a peer-to-peer cryptocurrency launched in 2016. It was created as a decentralized digital currency focusing on fast and low-cost transactions.
Purpose and Utility
The primary stated purpose of LanaCoin is to serve as a medium of exchange. The project appears to be maintaining basic functionality as a payment system, though with limited adoption.
Business Model and Development
LanaCoin operates on its own blockchain using a Proof of Work consensus mechanism. The project maintains basic development activity to keep the network operational, though updates are minimal.
Token Distribution and Governance
LanaCoin had no pre-mine or ICO, suggesting a fair launch. Mining rewards are distributed to miners who secure the network through Proof of Work.
Current Usage
While trading volumes are low, the network continues to process transactions, maintaining its basic utility as a medium of exchange.
Ecosystem and Development Activity
Development activity is minimal but sufficient to maintain basic network operations. The project maintains functional wallets and basic infrastructure.
Crypto Impact
To assign a comfort level investing in LanaCoin 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 LanaCoin.
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.