CoinsPaid
Crypto Overview
Purpose and Utility
CoinsPaid (CPD) is the utility token of the CoinsPaid ecosystem, a crypto payment processing platform. The token is designed to provide benefits within their payment processing system, including reduced fees for merchants using their services, staking rewards, and governance rights.
Business Model Analysis
The platform primarily focuses on providing cryptocurrency payment processing services for merchants. The business model involves facilitating cryptocurrency transactions and conversions for online businesses. While the platform itself claims to focus on general e-commerce, there are concerns about its significant usage in gambling-related transactions.
Real-World Adoption
CoinsPaid has demonstrated significant adoption in the payment processing space, processing over €12 billion in transactions since inception. However, a substantial portion of these transactions appears to be related to online gambling platforms.
Development Activity
The project maintains active development of its payment processing infrastructure and continues to expand its services. The team regularly updates their technology stack and has implemented security measures to protect transactions.
Token Distribution and Governance
CPD tokens are distributed across various stakeholders, including team members, investors, and the ecosystem fund. The token includes staking mechanisms and governance features that allow holders to participate in decision-making processes.
Crypto Impact
To assign a comfort level investing in CoinsPaid 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 CoinsPaid.
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.