0xDAO
Crypto Overview
Overview
0xDAO is a decentralized autonomous organization (DAO) operating on the Fantom blockchain. The project's native token, OXD, serves primarily as a governance token for the protocol.
Purpose and Utility
The primary stated purpose of OXD is to serve as a governance token for the 0xDAO ecosystem, allowing holders to vote on protocol decisions and participate in the DAO's direction. The token is actually being used for this intended purpose, with active governance participation from token holders.
Business Model Analysis
The protocol operates transparently on the Fantom blockchain, with all transactions and governance decisions publicly visible. The project focuses on DeFi infrastructure and does not directly involve prohibited activities like gambling or interest-based lending.
Adoption and Usage
The token shows active governance participation and trading volume on decentralized exchanges. The project maintains regular development activity and community engagement through its governance forum and social media channels.
Token Distribution
The token distribution includes allocations for the DAO treasury, liquidity mining, and community incentives. There are no concerning patterns in the token distribution that would suggest a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in 0xDAO 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 0xDAO.
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.