Sukhavati Network
Crypto Overview
Overview
Sukhavati Network (SKT) is a decentralized storage network that aims to provide secure and efficient data storage solutions. The project focuses on creating a distributed storage infrastructure where users can store and retrieve data while node operators earn rewards for providing storage space.
Purpose and Utility
The primary purpose of SKT is to serve as the native utility token of the Sukhavati Network. Token holders can use SKT to pay for storage services, participate in network governance, and receive rewards for contributing storage resources.
Business Model Assessment
The business model appears to be focused on legitimate utility in the decentralized storage space. The core functionality of providing storage services in exchange for compensation is permissible under Islamic principles as it involves a clear exchange of value.
Development and Adoption
Current development activity appears to be limited, with minimal public information available about recent updates or progress. While the project maintains basic documentation, detailed technical information and roadmap updates are sparse.
Token Distribution and Governance
Information about token distribution and vesting schedules is not readily available in public documentation. This lack of transparency, while concerning from an investment perspective, does not inherently affect the halal status of the token.
Ecosystem Analysis
The project's ecosystem appears to be in early stages, with limited partnerships or documented use cases. However, the fundamental concept of decentralized storage remains a legitimate and potentially valuable use case.
Crypto Impact
To assign a comfort level investing in Sukhavati Network 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 Sukhavati Network.
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.