Buying.com

Halal Rating :
Comfortable
Last Price $0.03 Last updated:
Rank 1164
1D Change 4.39 %
Market Cap $10.62m
Circulating supply 331,789,518
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • Trustswap Launchpad

Project Overview

Buying.com is a decentralized e-commerce platform that aims to transform the retail industry by connecting consumers directly with manufacturers, distributors, and retailers. The BUY token serves as the native utility token of the ecosystem, facilitating transactions and rewards within the platform.

Intended Utility

The project's stated purpose is to enable real-world e-commerce transactions, logistics management, and last-mile delivery services. The BUY token is designed to be used for platform payments, staking for node operation, and governance participation.

Actual Usage and Development

The platform has demonstrated some real-world implementation through partnerships with various e-commerce businesses and logistics providers. The project maintains active development, with regular updates to their technology stack and mobile applications.

Token Distribution and Governance

The token distribution appears relatively balanced, with significant portions allocated to ecosystem development and community incentives. There are vesting schedules in place for team tokens, which helps align long-term interests.

Revenue Model

The platform generates revenue through transaction fees from e-commerce activities, logistics services, and node operation rewards. These mechanisms do not involve interest-based income, making them generally compliant with Islamic principles.

Crypto Impact

To assign a comfort level investing in Buying.com 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 Buying.com.

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.

Justification for our Halal Rating