ArbiSmart
Crypto Overview
Overview
ArbiSmart is an automated crypto arbitrage trading platform that also offers a variety of DeFi services. The RBIS token is the native cryptocurrency of the ArbiSmart ecosystem.
Purpose and Utility
The primary stated purpose of RBIS is to power the ArbiSmart ecosystem, which includes: automated arbitrage trading, a crypto wallet with interest-bearing accounts, an NFT marketplace, and a DeFi yield farming program.
Business Model Analysis
The core business model revolves around crypto arbitrage trading and providing interest-bearing accounts, which raises immediate concerns from a Shariah perspective. The platform's main revenue streams come from lending activities and interest generation, which are fundamental aspects of their operation rather than incidental features.
Real-World Adoption
The platform has achieved some adoption, particularly in its arbitrage trading services. However, the primary use cases remain centered around interest-generating activities.
Development Activity
The project maintains active development, with regular updates to their platform and expansion of services. However, most development efforts are focused on enhancing their lending and interest-bearing features.
Token Distribution
The token distribution includes allocations for the team and development fund, with standard vesting periods. While the distribution model itself is not problematic, the token's primary utility remains tied to interest-bearing activities.
Crypto Impact
To assign a comfort level investing in ArbiSmart 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 ArbiSmart.
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.