ONINO
Crypto Overview
Overview
ONINO (ONI) is a blockchain infrastructure project built on the Arbitrum network that aims to provide a decentralized protocol for Web3 applications. The project claims to focus on scalability and interoperability solutions.
Purpose and Utility
The primary stated purpose of ONINO is to serve as a utility token within its ecosystem, allowing holders to participate in governance decisions and access various platform services. The token is used for transaction fees and validator rewards within the ONINO network.
Business Model Analysis
The project's business model appears to be focused on providing blockchain infrastructure services. There is no evidence of involvement in prohibited activities such as gambling, interest-based lending, or adult content. The revenue model is based on network usage fees and does not rely on interest-bearing mechanisms.
Development and Adoption
The project shows ongoing development activity, with regular updates to its GitHub repository. While adoption is currently limited, this is not unusual for a relatively new project and does not impact its Sharia compliance assessment.
Token Distribution
The token distribution includes allocations for development, marketing, and ecosystem growth. While there is a significant portion allocated to the team and early investors, these tokens are subject to vesting periods, which helps align long-term incentives.
Crypto Impact
To assign a comfort level investing in ONINO 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 ONINO.
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.