Signum

Halal Rating :
Comfortable
Last Price $0.0013 Last updated:
Rank 1538
1D Change 0.08 %
Market Cap $2.67m
Circulating supply 2,129,891,582
Maximum supply None

Crypto Overview

Purpose and Utility

Signum is a blockchain platform that evolved from what was previously known as Burst. It claims to be the world's first sustainable blockchain, utilizing a unique Proof-of-Commitment (PoC+) consensus mechanism that combines traditional Proof-of-Capacity mining with long-term token commitment.

The platform aims to provide smart contracts, decentralized token creation, and secure messaging capabilities while maintaining energy efficiency through its consensus mechanism. The SIGNA token serves as the native currency for transaction fees, smart contract execution, and network operations.

Business Model and Current Usage

The platform's business model focuses on providing blockchain infrastructure services including: Smart contracts for decentralized applications, Tokenization capabilities for creating digital assets, Encrypted messaging system, Sustainable mining through PoC+.

The current usage aligns with the intended purposes, with active mining operations and functioning smart contract capabilities. The platform maintains transparency in its operations and does not facilitate any inherently prohibited activities.

Development Activity and Adoption

The project maintains active development with regular updates to its core protocol. The developer community continues to work on platform improvements and maintenance. While adoption remains limited compared to larger blockchain platforms, this does not affect its Sharia compliance status.

Token Distribution

The token distribution appears fair, with no pre-mine or ICO. New tokens are created through the mining process, which is open to all participants. There are no concerning concentrations of tokens in founder or developer wallets that would suggest a scheme to enrich founders.

Rating Justification

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