Ore (v1)
Crypto Overview
Overview
Ore (v1) is a blockchain-based protocol designed to provide secure and decentralized identity and access management services. The ORE token serves as the utility token for the Open Rights Exchange (ORE) Network.
Purpose and Utility
The ORE token is used to pay for network services, including the creation and management of blockchain identities, access control, and cross-chain account management. The token also provides governance rights within the ORE ecosystem.
Business Model
The project's business model centers around providing decentralized identity management solutions. The network facilitates the creation and management of blockchain identities while maintaining user privacy and security. These activities align with Islamic principles as they provide genuine utility and do not involve prohibited elements like riba or gambling.
Real-World Adoption
The ORE Network has established partnerships with various blockchain projects and enterprises. The platform demonstrates active usage for identity management and cross-chain account services.
Development Activity
The project maintains active development with regular updates to its protocol and tools. The team continues to enhance the platform's functionality and security features.
Token Distribution
The token distribution appears reasonably balanced between development, community incentives, and ecosystem growth. Vesting schedules are in place for team allocations.
Crypto Impact
To assign a comfort level investing in Ore (v1) 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 Ore (v1).
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.