Infinitecoin

Overview

Infinitecoin (IFC) is a peer-to-peer digital currency launched in 2013 as a fork of Litecoin. It was designed to provide fast, secure transactions with minimal fees.

Purpose and Utility

The stated purpose of Infinitecoin is to serve as a medium of exchange for everyday transactions. While the project had initial activity in its early years, current development and usage appears to be minimal to non-existent.

Business Model Analysis

The core business model of Infinitecoin involves transferring value between parties through a decentralized network, which is inherently halal as it represents a legitimate exchange of assets. The project does not involve any prohibited activities like interest-based lending or gambling.

Real-World Adoption

Current on-chain data shows extremely limited transaction activity. The project appears to be largely dormant with minimal merchant adoption or real-world usage.

Development Activity

There is no evidence of recent development activity on the project's code repositories. The official website and communication channels appear to be inactive.

Token Distribution

The initial distribution of Infinitecoin was through proof-of-work mining, which is a permissible method of token distribution from an Islamic perspective. There is no evidence of founders reserving large portions of the supply for themselves.