Appics
Crypto Overview
Project Overview
Appics is a blockchain-based social media platform that aims to reward content creators through its native APX token. The project was built on the TRON blockchain and later migrated to WAX blockchain.
Purpose and Utility
The intended purpose of APX is to serve as a utility token within the Appics social media ecosystem, where users can earn tokens for creating and curating content. Content creators receive APX tokens when their posts receive likes and engagement from other users.
Business Model Analysis
The business model appears to be based on legitimate content creation and social media engagement, which is permissible from an Islamic perspective. The platform does not facilitate any inherently haram activities like gambling, interest-based lending, or adult content.
Real-World Adoption
Current adoption and usage of the Appics platform appears to be limited. While the project maintains some social media presence, there is minimal verifiable on-chain activity that demonstrates widespread usage of the APX token for its intended purpose.
Development Activity
Development activity appears to be minimal based on publicly available information. The project's official channels show sporadic updates.
Token Distribution
Detailed information about token distribution and vesting schedules is not readily available in public sources, which impacts transparency but does not automatically indicate impermissible activity.
Crypto Impact
To assign a comfort level investing in Appics 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 Appics.
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.