BLOX
Crypto Overview
Overview
BLOX (formerly known as BXP) is a cryptocurrency and ecosystem that aims to create a blockchain platform focused on providing tokenization services and decentralized gaming infrastructure. The project has undergone a rebranding from BXP to BLOX in late 2023.
Purpose and Utility
The primary stated purpose of BLOX is to serve as the native token for the Blox ecosystem, which includes: Gaming infrastructure development, NFT marketplace functionality, and governance participation. The token is actively used for transactions within their ecosystem.
Business Model
The business model appears to be focused on legitimate blockchain technology applications, particularly in gaming infrastructure and digital asset management. The core activities do not inherently involve prohibited elements like interest-based lending or gambling.
Development Activity
The project shows consistent development activity, with regular updates to their infrastructure and ecosystem components. The development team maintains an active GitHub repository and provides regular technical updates.
Token Distribution
The token distribution appears to be structured with reasonable vesting periods for team members and early investors. There are no immediate red flags regarding token concentration or unusual distribution patterns.
Additional Considerations
The platform's gaming infrastructure appears to focus on skill-based gaming rather than chance-based gambling. The NFT marketplace facilitates actual asset ownership and transfer, which aligns with Islamic principles of trade.
Crypto Impact
To assign a comfort level investing in BLOX 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 BLOX.
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.