Hot Cross

Halal Rating :
Comfortable
Last Price $0.012 Last updated:
Rank 1922
1D Change -0.55 %
Market Cap $1.39m
Circulating supply 113,749,999
Maximum supply 500,000,000
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Ethereum Ecosystem
  • Yield Farming
  • Polygon Ecosystem
  • MVB
  • Harmony Ecosystem
  • BNB Chain Ecosystem
  • DWF Labs Portfolio

Overview

Hot Cross is a multi-chain tool suite created to enable blockchain teams and their communities to thrive. It was launched in 2021 as a platform that aims to become a comprehensive decentralized finance (DeFi) and blockchain tooling ecosystem. The HOTCROSS token serves as the platform's native utility token.

Purpose and Utility

Hot Cross provides development tools and infrastructure for blockchain projects, including:

  1. Multi-chain infrastructure deployment tools
  2. Smart contract creation and auditing services
  3. Token launch platform
  4. NFT creation and management tools
  5. Cross-chain bridging solutions

Business Model Analysis

The platform generates revenue through fees for its various services, with the HOTCROSS token being used for governance, staking, and accessing premium features. The business model is transparent and focused on providing legitimate blockchain infrastructure services.

Development and Adoption

Hot Cross maintains active development on GitHub, with regular updates to their tools and infrastructure. The platform has established partnerships with several blockchain projects, though adoption remains in early stages.

Token Distribution

The token distribution includes allocations for development, marketing, and ecosystem growth. There are vesting schedules in place for team tokens, showing commitment to long-term development.

Crypto Impact

To assign a comfort level investing in Hot Cross 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 Hot Cross.

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.

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