Verge is a digital currency that is designed for everyone to uses for daily transactions. Verge has forked the Electrum wallet codebase and updated to have it work with the Verge blockchain. The judgment on this project is similar to Electrum.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on the blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal". | Passed |
| Project | The project allows users to do payment by cryptos without intermediaries. In Short, it was a payment system based on blockchain that ease enterprises and consumers in daily transactions. Everything in this project is neutral. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The token can be used as the medium of payment for daily transactions. | Passed |
| Staking Method | No staking, instead the protocol uses the Proof of Work mechanism to secure their network. | Passed |
Read the source document and verify project fundamentals.