Unification

Halal Rating :
Comfortable
Last Price $0.05 Last updated:
Rank 1816
1D Change -17.48 %
Market Cap $1.63m
Circulating supply 34,447,402
Maximum supply None

Crypto Overview

Categories
  • Platform
  • Cosmos Ecosystem
  • Enterprise Solutions
  • Interoperability
  • Oracles
  • Web3
  • Injective Ecosystem

Project Overview

Unification is a blockchain infrastructure project focused on enterprise data solutions and interoperability. The FUND token serves as the native cryptocurrency of the Unification network, primarily used for network security, governance, and facilitating transactions within its ecosystem.

Intended Utility

The primary purpose of FUND is to power the Unification network's Web3 infrastructure services, particularly their flagship products: WRKChains (customized blockchain solutions for enterprises) and BABEL (a cross-chain communication protocol). The token is designed to incentivize network validators and facilitate governance decisions.

Actual Utility Assessment

The project demonstrates genuine technological utility through its enterprise blockchain solutions and interoperability services. Development activity appears consistent, with regular GitHub updates and technical improvements. The team maintains transparency through detailed technical documentation and regular community updates.

Token Distribution & Governance

The token distribution appears relatively balanced, with defined allocations for network security, development, and ecosystem growth. There are proper vesting schedules for team tokens, indicating commitment to long-term development rather than short-term gains.

Business Model Analysis

The project generates revenue through legitimate business activities, primarily enterprise blockchain services and network validation fees. These revenue streams align with Islamic finance principles as they represent actual value creation and service provision.

Crypto Impact

To assign a comfort level investing in Unification 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 Unification.

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.

Justification for our Halal Rating