Bitswift
Crypto Overview
Overview
Bitswift (BITS) is a cryptocurrency that originated on the Waves platform and later migrated to become a token on the Ardor blockchain platform. The project aims to provide business solutions and technology services through blockchain technology.
Purpose and Utility
The intended purpose of Bitswift is to serve as a utility token within its ecosystem of blockchain-based business services. However, current information about specific use cases and active development is extremely limited.
Business Model Analysis
The project appears to have minimal recent activity or clear documentation about its current business operations. While the original stated purposes did not involve any inherently haram activities, there is insufficient recent information to fully evaluate ongoing operations.
Real-World Adoption
Current adoption and usage metrics are difficult to verify due to limited public information and trading activity. The token appears to have very low liquidity and minimal recent transactions.
Development Activity
Public development activity appears minimal based on available information. The project's online presence and documentation have not shown significant recent updates.
Token Distribution
Detailed information about current token distribution and founder holdings is not readily available through public sources.
Crypto Impact
To assign a comfort level investing in Bitswift 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 Bitswift.
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.