Dejitaru Hoshi
Crypto Overview
Project Overview
Dejitaru Hoshi (HOSHI) is a cryptocurrency created by Japanese developers that aims to serve as a decentralized exchange (DEX) aggregator and rewards token on the Ethereum blockchain. The project was launched in 2023.
Purpose and Utility
The primary stated purpose of HOSHI is to function as a utility token within their planned DEX aggregator ecosystem. Users would be able to pay fees and receive rewards in HOSHI tokens when using the platform's services. However, the DEX aggregator functionality appears to still be in development and not yet launched.
Business Model Assessment
The core business model of providing DEX aggregation services is permissible from a Shariah perspective, as it facilitates the legitimate exchange of digital assets. The project does not appear to engage in lending, interest-bearing products, or other prohibited activities.
Development and Adoption
The project shows some ongoing development activity, though limited public information is available about specific technical progress. The token is primarily traded on decentralized exchanges, with the promised DEX aggregator platform still in development.
Token Distribution
Available information about token distribution and vesting schedules is limited. The project appears to have had a fair launch without pre-sales or private allocations, though comprehensive verification is difficult due to limited transparency.
Crypto Impact
To assign a comfort level investing in Dejitaru Hoshi 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 Dejitaru Hoshi.
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.