Indorse Token
Crypto Overview
Purpose and Utility
Indorse Token (IND) was created as a utility token for the Indorse platform, which aimed to build a decentralized professional network where users could validate their skills and get rewarded for their contributions. The platform was designed to allow professionals to have their skills validated by experts and earn IND tokens as rewards.
Business Model Evaluation
The business model fundamentally aimed to create a transparent, skill-validation ecosystem where users could earn tokens for legitimate contributions and validations. This core concept aligns with halal principles as it involves genuine value exchange and doesn't involve any prohibited activities.
Real-World Adoption and Development
Current research indicates extremely limited recent activity around the Indorse Token. The project appears to have minimal current development activity, and the token shows very low trading volumes. While the original concept was legitimate, current usage appears negligible.
Token Distribution and Governance
The token was initially distributed through an ICO in 2017. While detailed current token distribution data is limited, the original distribution included allocations for the team, advisors, and the community.
Crypto Impact
To assign a comfort level investing in Indorse Token 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 Indorse Token.
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.