OORT
Crypto Overview
Project Overview
OORT is a decentralized digital infrastructure project focused on providing decentralized storage and computing services. The OORT token serves as the native utility token for the OORT ecosystem.
Purpose and Utility
The primary purpose of OORT is to facilitate decentralized cloud storage and computing services. Users can pay for storage and computing resources using OORT tokens. Providers of storage and computing power earn OORT tokens in exchange for their services.
Business Model Analysis
The business model appears straightforward and halal-compliant, as it involves the exchange of real services (storage and computing) for tokens. There is no evidence of interest-bearing mechanisms or forbidden activities in the core protocol.
Development and Adoption
The project shows ongoing development activity, though adoption metrics are currently limited. The team maintains regular updates to their infrastructure and protocol.
Token Distribution
The token distribution includes allocations for development, ecosystem growth, and public sale participants. While detailed vesting information is not publicly available, there are no immediate red flags in the distribution model.
Technology Stack
The project utilizes blockchain technology to create a decentralized network for storage and computing services, similar to traditional cloud service providers but in a decentralized manner.
Crypto Impact
To assign a comfort level investing in OORT 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 OORT.
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.