Ore (v2)
Crypto Overview
Overview
ORE (v2) is a token that powers the Open Rights Exchange (ORE) Network, a blockchain infrastructure project focused on digital identity and asset management. The ORE Network aims to provide cross-chain identity and account management solutions.
Purpose and Utility
The ORE token serves multiple utilities within its ecosystem: It's used for paying transaction fees on the ORE Network, staking for network security, and governance participation. The token is actively used for its intended purposes within the network's operations.
Business Model
The project's business model centers around providing blockchain-based identity management solutions. The platform ensures transparency in its operations and doesn't involve any prohibited activities like gambling or interest-based lending. All revenue streams come from legitimate technological services.
Development and Adoption
The project shows consistent development activity on GitHub and maintains regular updates to its infrastructure. While adoption is still growing, several partnerships with blockchain projects demonstrate practical implementation of the technology.
Token Distribution and Governance
The token distribution appears reasonable, with appropriate vesting schedules for team members and early investors. The project maintains transparency regarding token allocations and uses.
Crypto Impact
To assign a comfort level investing in Ore (v2) 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 (v2).
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.