Bitcicoin
Crypto Overview
Overview
Bitcicoin (BITCI) is the native token of the Bitci Chain, a blockchain platform developed by Bitci Technology. The project was launched in Turkey and aims to serve as both a payment solution and a platform for fan tokens and other digital assets.
Intended Utility
The primary stated purposes of BITCI include: serving as the native currency for the Bitci ecosystem, powering transactions on the Bitci Chain, and facilitating the creation and trading of fan tokens and other digital assets on the platform.
Actual Utility Assessment
The token is actively used within the Bitci ecosystem, particularly in relation to fan tokens for sports teams and entertainment entities. The platform has established partnerships with various sports organizations and teams, demonstrating real-world adoption of its intended utility. The Bitci Chain maintains active development and regular updates to its infrastructure.
Token Distribution and Governance
Detailed information about the token distribution is publicly available, with a significant portion allocated for ecosystem development and partnerships. The project maintains transparent communication about its development progress and partnership announcements.
Technology and Revenue Model
The platform operates on a proof-of-stake consensus mechanism. The revenue model is primarily based on transaction fees and services related to fan token creation and management, which aligns with Islamic financial principles as it does not involve interest-based income.
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.