Sentinel

Halal Rating :
Comfortable
Last Price $0.00062 Last updated:
Rank 1112
1D Change -14.97 %
Market Cap $13.01m
Circulating supply 21,068,713,284
Maximum supply None

Crypto Overview

Categories
  • Cosmos Ecosystem
  • Distributed Computing
  • Ethereum Ecosystem
  • Polygon Ecosystem
  • Injective Ecosystem
  • Osmosis Ecosystem
  • DePIN

Project Overview

Sentinel is a decentralized Virtual Private Network (dVPN) service built on the Cosmos network. The DVPN token serves as the native utility token for accessing and providing VPN services within the Sentinel ecosystem.

Purpose and Utility

The primary purpose of DVPN is to facilitate decentralized VPN services where users can pay for VPN bandwidth using DVPN tokens, while node operators earn tokens for providing VPN services. The project aims to create a more private and secure internet experience through decentralized infrastructure.

Business Model Analysis

The business model is straightforward and halal-compliant: Users purchase DVPN tokens to access VPN services, while node operators earn tokens by providing bandwidth. This represents a clear exchange of value between parties.

Real-World Adoption

The project has demonstrated actual usage through its dVPN applications available on various platforms. The network currently has active nodes providing VPN services, though adoption remains relatively modest compared to traditional VPN services.

Development Activity

There is ongoing development activity on the project's GitHub repositories, with regular updates to the core protocol and client applications. The team maintains active communication through official channels and continues to work on platform improvements.

Token Distribution

The token distribution includes allocations for the team, development fund, and community. While specific details about vesting schedules are not readily available, the token distribution appears to be structured to support long-term project development rather than quick profit-taking.

Revenue Model

The revenue model is based on direct payment for services rendered, with no interest-bearing mechanisms or gambling elements. Users pay for VPN services, and providers earn rewards for offering those services.

Crypto Impact

To assign a comfort level investing in Sentinel 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 Sentinel.

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