DeBox

Halal Rating :
Comfortable
Last Price $0.021 Last updated:
Rank 1806
1D Change -4.01 %
Market Cap $2.05m
Circulating supply 99,513,889
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • Communications & Social Media
  • Ethereum Ecosystem
  • OKX Ventures Portfolio
  • DWF Labs Portfolio

Project Overview

DeBox is a Web3 social platform that aims to integrate social networking with blockchain technology. The BOX token serves as the platform's native utility token, used for governance and rewards within the ecosystem.

Purpose and Utility

The primary purpose of BOX is to facilitate platform governance and reward content creators and users who contribute to the DeBox ecosystem. Users can earn BOX tokens through content creation, community engagement, and participation in platform governance.

Business Model Analysis

The platform's business model focuses on creating a decentralized social media environment where value flows directly between creators and users. The model appears transparent and doesn't involve any inherently prohibited activities under Islamic law.

Real-World Adoption

DeBox has shown growing adoption among Web3 content creators and communities. The platform maintains active development and community engagement, though it's still in relatively early stages.

Token Distribution

The token distribution includes allocations for the ecosystem, team, and community rewards. Team tokens are subject to vesting periods, which helps align long-term incentives.

Crypto Impact

To assign a comfort level investing in DeBox 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 DeBox.

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.