apM Coin
Crypto Overview
Overview
APM Coin (APM) is a cryptocurrency launched by the Korean retail giant APM Group. The token is designed to serve as a utility token within the APM ecosystem, particularly for their retail and fashion business operations.
Intended Utility
The primary intended purpose of APM Coin is to serve as a payment and rewards token within the APM retail ecosystem. The token is meant to facilitate transactions at APM-affiliated stores and provide rewards to customers.
Actual Utility
The token is actively used within the APM retail ecosystem in South Korea. It serves as a payment method at APM shopping centers and provides rewards to shoppers. The project has demonstrated real-world adoption within its intended market.
Token Distribution and Founder Assessment
APM Coin was launched by an established retail business with a verifiable track record. The token distribution appears to be structured to support the ecosystem's growth, with allocations for business operations and customer rewards. The project is backed by a legitimate business entity with physical retail operations.
Technology and Revenue Model
The token operates on the Ethereum blockchain as an ERC-20 token. The revenue model is straightforward - it's primarily based on facilitating retail transactions and customer rewards, which aligns with halal business practices. There are no interest-bearing mechanisms or gambling elements in the core token design.
Crypto Impact
To assign a comfort level investing in apM Coin 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 apM Coin.
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.