MASQ

Halal Rating :
Comfortable
Last Price $0.13 Last updated:
Rank 1537
1D Change -1.13 %
Market Cap $4.31m
Circulating supply 34,379,475
Maximum supply 37,500,000

Crypto Overview

Categories
  • Ethereum Ecosystem
  • Polygon Ecosystem
  • Base Ecosystem

Project Overview

MASQ Network is a decentralized VPN and network privacy solution that aims to provide users with secure, private internet access while compensating node operators. The project combines VPN technology with blockchain incentives, allowing users to route their traffic through decentralized nodes while node operators earn MASQ tokens for providing bandwidth.

Utility Analysis

The MASQ token serves multiple purposes within the ecosystem: It acts as payment for VPN services, compensates node operators, and provides governance rights for protocol decisions. The network is operational with a working desktop client, though adoption remains in early stages.

Business Model Evaluation

The core business model revolves around providing privacy-preserving internet access services, which aligns with halal principles as it involves the exchange of legitimate services for compensation. There is no evidence of involvement in prohibited activities.

Development Activity

The project maintains active development with regular GitHub commits and protocol updates. The team continues to improve the core VPN technology and node infrastructure.

Token Distribution

While detailed token distribution information is limited, the project implemented vesting schedules for team allocations. The focus appears to be on building functional technology rather than token price speculation.

Crypto Impact

To assign a comfort level investing in MASQ 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 MASQ.

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