NuNet

Halal Rating :
Comfortable
Last Price $0.05 Last updated:
Rank 867
1D Change 4.19 %
Market Cap $27.43m
Circulating supply 504,084,665
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • AI & Big Data

Project Overview

NuNet is a decentralized computing network that aims to create a global marketplace for computing resources, developed as part of the SingularityNET ecosystem. The platform enables users to share and monetize their idle computing resources, including processing power, storage, and AI capabilities.

Intended Utility

The NTX token serves multiple purposes within the ecosystem: It acts as the primary medium of exchange for computing services, enables governance participation, and provides staking capabilities for network security. The token is essential for accessing and providing services on the NuNet platform.

Actual Implementation and Usage

The project shows active development with regular GitHub commits and technical updates. The platform is currently in its development phase, with ongoing testing of its decentralized computing infrastructure. While still early in its adoption cycle, it has established partnerships with several AI and computing projects.

Token Distribution and Governance

The token distribution shows a structured allocation with vesting periods for team members and early investors. A significant portion is allocated for ecosystem development and community incentives. The project maintains transparency through regular updates and detailed documentation of its development progress.

Revenue Model

The revenue model is based on legitimate service provision, where token holders earn rewards for contributing computing resources to the network. This model aligns with Islamic principles as it represents actual value exchange rather than interest-based earnings.

Crypto Impact

To assign a comfort level investing in NuNet 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 NuNet.

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.

Justification for our Halal Rating