BlueBenx
Crypto Overview
Overview
BlueBenx appears to be a cryptocurrency project that promised high returns through alleged cryptocurrency yield operations. The project has been involved in significant controversy.
Purpose and Utility
BlueBenx claimed to offer cryptocurrency investment services and yield generation through various DeFi operations. However, in August 2022, the project suspended withdrawals after claiming a hack, affecting around 22,000 users. No evidence of an actual hack was provided.
Business Model Evaluation
The project's business model involved taking deposits from users with promises of high returns through alleged crypto operations. The actual operations and source of returns were never clearly explained or verified.
Real-World Adoption
No legitimate partnerships or verifiable real-world applications have been documented. The project appears to have operated primarily as an investment scheme.
Platform Activity
There is no evidence of genuine platform development or technological innovation. The project's main focus appeared to be attracting investments rather than building useful technology.
Token Distribution
Information about token distribution and vesting schedules is not transparent. The project's structure raised significant red flags regarding centralized control of funds.
Crypto Impact
To assign a comfort level investing in BlueBenx 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 BlueBenx.
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.