Synternet
Crypto Overview
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.
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.