Synternet

Overview

Synternet (NOIA) is a blockchain project focused on improving internet infrastructure through a programmable internet layer. The project aims to enhance internet performance and reliability using blockchain technology and advanced routing protocols.

Purpose and Utility

The NOIA token serves as the native utility token of the Synternet network. It is used for network participation, governance, and accessing network resources. Network participants can stake NOIA tokens to run nodes and help secure the network.

Business Model

The project's business model revolves around providing improved internet infrastructure services to businesses and individuals. The model appears transparent and focuses on legitimate technological advancement without involvement in prohibited activities.

Development and Adoption

The project shows ongoing development activity and has established partnerships with technology companies. While adoption is still in early stages, there is evidence of real-world implementation of the technology for internet routing optimization.

Token Distribution

Token distribution appears reasonably balanced between development, community incentives, and team allocations. Team tokens have vesting schedules in place to align long-term incentives.

Revenue Model

The revenue model is based on network usage fees and does not involve interest-bearing mechanisms or prohibited activities under Islamic finance principles.