BigONE Token
Crypto Overview
Purpose and Utility
BigONE Token (ONE) is the native token of the BigONE cryptocurrency exchange. Its primary stated purpose is to serve as a utility token within the BigONE exchange ecosystem, offering trading fee discounts and participation in platform governance.
Business Model Evaluation
The business model centers around providing exchange services and trading infrastructure, which is permissible from an Islamic finance perspective as it facilitates the exchange of digital assets. The token itself serves as a means of accessing platform benefits and participating in governance decisions.
Real-World Adoption
The token's usage is primarily confined to the BigONE exchange ecosystem, where it serves its intended purpose of providing trading benefits to holders. While adoption is limited to the exchange's user base, this limitation does not impact its permissibility.
Development Activity
The project maintains basic functionality for its intended use case within the exchange ecosystem. Development activity appears focused on maintaining the exchange platform rather than expanding token utility.
Token Distribution and Governance
While detailed information about token distribution is limited, the token operates within a centralized exchange ecosystem, with its primary utility tied to exchange operations.
Crypto Impact
To assign a comfort level investing in BigONE Token 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 BigONE Token.
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.