ILCOIN
Crypto Overview
Purpose and Utility
ILCOIN is a blockchain project that claims to focus on developing blockchain technology solutions, particularly emphasizing its proprietary C2P (Command Chain Protocol) consensus mechanism. The project states its main purposes are to provide a scalable blockchain platform for decentralized applications and to serve as a digital currency.
Business Model and Platform Analysis
The project operates on its own blockchain network and claims to offer smart contract functionality. The business model appears focused on technological development and cryptocurrency transactions. There is no evidence of involvement in impermissible activities such as interest-based lending or gambling.
Real-World Adoption
Current usage appears primarily limited to trading on cryptocurrency exchanges. While the project has made technical claims about their blockchain capabilities, there is limited verifiable evidence of significant real-world adoption for the stated technological purposes.
Development Activity
The project maintains some level of development activity, though it appears modest compared to more prominent blockchain platforms. Their Github repository shows occasional updates, primarily focused on maintaining their core protocol.
Token Distribution and Founder Analysis
While complete token distribution details are not readily available in recent documentation, the project appears to maintain regular development updates and communication through their official channels. There are no clear red flags regarding founder behavior or token distribution that would indicate a scheme designed purely for enrichment.
Crypto Impact
To assign a comfort level investing in ILCOIN 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 ILCOIN.
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.