Nois Network
Crypto Overview
Purpose and Utility
Nois Network is a decentralized protocol designed to provide verifiable randomness for blockchain applications built on the Cosmos ecosystem. The NOIS token serves as the network's native cryptocurrency, used for governance and to incentivize node operators who contribute to the randomness generation process.
Business Model
The protocol generates revenue by charging fees from applications that request random numbers. Node operators stake NOIS tokens to participate in the randomness generation process and earn rewards. This model appears transparent and doesn't involve any prohibited activities like gambling, interest-bearing products, or impermissible content.
Real-World Adoption
The network is actively being integrated into various Cosmos-based applications that require verifiable randomness. While still in early stages, the protocol has established partnerships with several blockchain projects in the Cosmos ecosystem.
Platform Development
The project maintains active development with regular updates to its core infrastructure. The GitHub repository shows consistent commits and improvements to the protocol's codebase.
Token Distribution
The token distribution appears reasonable with appropriate vesting schedules for team members and early investors. There are no immediate red flags regarding excessive founder allocation or short vesting periods that might indicate a pump-and-dump scheme.
Crypto Impact
To assign a comfort level investing in Nois Network 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 Nois Network.
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.