Vital Network

Halal Rating :
Comfortable
Last Price $0.00000019 Last updated:
Rank 9128
1D Change 6.58 %
Market Cap -
Circulating supply 0
Maximum supply 10,000,000,000

Crypto Overview

Categories
  • MultiversX Ecosystem

Overview

Vital Network is a blockchain-based protocol designed to provide decentralized infrastructure for the future of mobile networks and Web3 communications. The VITAL token serves as the native utility token of the network.

Purpose and Utility

The primary stated purpose of VITAL is to facilitate the operation of decentralized mobile networks and enable token holders to participate in network governance. The token is designed to incentivize network operators and validators who maintain the infrastructure.

Business Model Evaluation

The business model appears focused on legitimate technological infrastructure development, with no apparent involvement in prohibited activities such as gambling, interest-based lending, or adult content. The project aims to create real utility through decentralized telecommunications infrastructure.

Development Activity and Adoption

While the project is still in its early stages, there is evidence of ongoing development activity. The team maintains active GitHub repositories and has published regular technical updates. However, current real-world adoption remains limited as the network infrastructure is still being built out.

Token Distribution

Token distribution information indicates a structured allocation with vesting periods for team members and early investors, suggesting measures to prevent sudden dumps. A significant portion of tokens is allocated for network infrastructure development and community incentives.

Rating Justification

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