Neblio
Crypto Overview
Overview
Neblio is an open-source blockchain platform launched in 2017, designed to simplify the development and deployment of enterprise blockchain applications. The platform uses the NEBL token as its native cryptocurrency for network operations and transaction fees.
Purpose and Utility
Neblio's primary purpose is to provide businesses with blockchain solutions through its platform, offering features like smart contracts, NFT capabilities, and decentralized application (dApp) development tools. The NEBL token serves as the network's utility token, required for transaction fees and network operations.
Business Model Analysis
The platform's business model focuses on providing legitimate blockchain infrastructure services, which aligns with Islamic principles as it involves the creation and exchange of real value through technology services. There are no inherent elements of riba (interest) or gharar (excessive uncertainty) in its core operations.
Development and Adoption
As of 2024, Neblio maintains an active GitHub repository, though development activity has been relatively modest. The project continues to operate its blockchain network and maintains its core functionalities, although adoption remains limited compared to larger blockchain platforms.
Token Distribution
The initial token distribution included allocations for development, marketing, and early supporters. The project has maintained transparency regarding token distribution, with no concerning patterns of founder accumulation or suspicious selling activities identified.
Crypto Impact
To assign a comfort level investing in Neblio 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 Neblio.
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.