Synternet
Crypto Overview
Overview
Synternet (NOIA) is a project focused on improving internet infrastructure through a blockchain-based programmable network. The project aims to create a more efficient and reliable internet backbone by enabling a decentralized network of nodes that can optimize data routing.
Intended Utility
The NOIA token serves multiple purposes within the Synternet ecosystem: It's used for network governance, incentivizing node operators, and paying for network services. Node operators stake NOIA tokens to participate in the network and earn rewards for providing routing services.
Actual Utility and Development
The project has demonstrated actual utility through its working product, the Syntropy Stack, which provides tools for optimizing network connections and routing. Major partnerships include Oracle, Entain, and several blockchain projects. The development team maintains active GitHub repositories with regular updates.
Token Distribution and Governance
The token distribution includes allocations for team members and early investors with standard vesting schedules. The team's tokens are subject to a 3-year vesting period with a 1-year cliff, which helps align long-term incentives. The project maintains transparency through regular updates and detailed documentation.
Business Model Analysis
The business model focuses on providing improved internet infrastructure services, which is a legitimate and halal business activity. There is no involvement in prohibited activities, and the revenue model is based on actual service provision rather than speculative mechanisms.
Crypto Impact
To assign a comfort level investing in Synternet 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 Synternet.
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.