EQIFI
Crypto Overview
Purpose and Utility
EQIFI (EQX) is the governance token for the EQIFI platform, which aims to provide decentralized financial services. The platform integrates with traditional banking infrastructure through a partnership with EQIBank.
Business Model Analysis
The core business model involves lending and borrowing services, yield aggregation, and interest-bearing products. The platform's main features include cryptocurrency-backed loans, interest-bearing products, and yield farming opportunities.
Real-World Adoption
The platform has shown limited adoption since its launch. While it maintains partnerships with traditional banking institutions, actual usage data for its intended purposes is minimal.
Platform Development
Development activity appears to be minimal, with limited recent updates to the platform's infrastructure or features.
Token Distribution
Information about token distribution and vesting schedules is not readily available in recent documentation.
Crypto Impact
To assign a comfort level investing in EQIFI 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 EQIFI.
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.