AidCoin
Crypto Overview
Purpose and Utility
AidCoin was launched as an ERC20 token designed to serve as a cryptocurrency for charitable donations and to bring transparency to the nonprofit sector through blockchain technology. The project aimed to create a platform called AIDChain for tracking charitable donations.
Business Model Evaluation
The intended utility focused on facilitating charitable giving and increasing transparency in donations, which aligns well with Islamic principles of charitable giving (sadaqah) and transparency.
Real-World Adoption
Based on current available data, AidCoin appears to be inactive. The project's website is no longer accessible, and there is minimal to no recent trading activity or development updates. The token seems to have ceased active development.
Development Activity
There are no signs of recent development activity or updates to the platform. The project's social media accounts and communication channels appear dormant.
Token Distribution and Governance
Due to the project's current inactive status, detailed information about token distribution and governance is not readily available.
Crypto Impact
To assign a comfort level investing in AidCoin 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 AidCoin.
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.