GICTrade
Crypto Overview
Purpose and Utility Analysis
GICTrade (GICT) is a cryptocurrency project that claims to operate as a blockchain-based trading and investment platform. However, I was unable to find sufficient verifiable information about its current operations, whitepaper, or technical documentation from reliable sources.
Business Model Evaluation
Due to the lack of transparent information about GICTrade's business model, operations, and technology stack, I cannot make a definitive assessment of its actual utility or confirm whether its activities align with Islamic principles.
Real-World Adoption
I could not verify any significant real-world adoption, partnerships, or implementation of the stated use cases. The lack of transparent information about actual usage and trading volumes is concerning.
Development Activity
There is insufficient public information available about the development team, GitHub repositories, or technical progress to assess the project's development status.
Token Distribution
Information about token distribution, vesting schedules, and founder allocations could not be verified from reliable sources.
Crypto Impact
To assign a comfort level investing in GICTrade 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 GICTrade.
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.