Bitcicoin
Crypto Overview
Overview
Bitcicoin (BITCI) is a cryptocurrency developed by the Turkish crypto exchange Bitci Technology. It serves as the native token of the Bitci Chain, a blockchain platform focused on sports and entertainment fan tokens.
Intended Utility
The primary stated purpose of BITCI is to serve as the operational token for the Bitci ecosystem, facilitating transactions and powering smart contracts on the Bitci Chain. It's designed to support the creation and trading of fan tokens for sports clubs and entertainment entities.
Actual Utility and Implementation
The token is actively used within the Bitci ecosystem, particularly for: 1) Trading pairs on the Bitci exchange, 2) Gas fees for fan token transactions, 3) Payment for services within the Bitci platform.
Business Model Analysis
The business model appears legitimate, focusing on creating blockchain-based solutions for sports and entertainment industries. The project has established partnerships with numerous sports organizations and launched multiple fan tokens.
Token Distribution and Governance
Token distribution information is publicly available, with a significant portion allocated for ecosystem development and partnerships. The project maintains transparency regarding token allocation and usage.
Crypto Impact
To assign a comfort level investing in Bitcicoin 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 Bitcicoin.
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.