DeFiChain

Halal Rating :
Questionable
Last Price $0.30 Last updated:
Rank 223
1D Change 0.62 %
Market Cap $224.22m
Circulating supply 752,550,529
Maximum supply 1,200,000,000

Crypto Overview

Categories
  • DeFi
  • Staking

DeFiChain is a decentralized blockchain platform dedicated to enable fast, intelligent, and transparent decentralized financial services. Unlike most of the other DeFi projects that are built on the Ethereum network, DeFiChain is built on bitcoin (as a software fork), and is anchored to the bitcoin blockchain (via merkle root) every few minutes for maximum security DeFiChain is designed to be non-Turing complete to reduce smart contract errors (extremely important for finance transactions) and its op codes only allow run decentralized finance dapps. This ensures that only financial transactions are possible, instead of having games and casinos clogging the ecosystem and causing high transaction fees. Upcoming features of the DeFiChain include Decentralized: Lending, Wrapping of Tokens, Pricing Oracles, Exchanges, Transferable Debts and Receivables, Non-Collateralized Debt, Asset Tokenization, Distribution of Dividends, and YIELD FARMING!

Crypto Impact

To assign a comfort level investing in DeFiChain 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 DeFiChain.

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