CrossWallet
Crypto Overview
Overview
CrossWallet (CWT) is a cryptocurrency project that aims to provide a multi-chain wallet solution with cross-chain capabilities. The project's stated purpose is to enable seamless transactions and token swaps across different blockchain networks.
Purpose Analysis
The intended utility of CWT includes: serving as the governance token for the CrossWallet ecosystem, providing transaction fee discounts within the platform, and enabling cross-chain transfers. Users who hold CWT tokens can participate in governance decisions regarding platform development and feature implementation.
Business Model Evaluation
The business model appears to focus on legitimate utility through facilitation of cross-chain transactions and wallet services. The core activities do not involve inherently prohibited elements like interest-based lending or gambling.
Current Usage and Adoption
Current on-chain data shows limited adoption of the platform, with most token activity occurring on decentralized exchanges. While the project is still in early stages, the development team maintains regular updates to the platform.
Token Distribution
The token distribution includes allocations for development (30%), ecosystem growth (25%), team (20%), and public sale (25%). Team tokens are subject to a 2-year vesting period with quarterly unlocks.
Crypto Impact
To assign a comfort level investing in CrossWallet 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 CrossWallet.
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.