InpulseX
Crypto Overview
Overview
InpulseX (IPX) is a cryptocurrency project launched in 2024 on the Binance Smart Chain. The project aims to create a decentralized trading platform for cryptocurrency markets.
Purpose and Utility
InpulseX is designed to serve as both a governance token for the InpulseX ecosystem and as a utility token within their planned trading platform. Token holders can participate in governance decisions regarding the platform's development and benefit from reduced trading fees.
Business Model Evaluation
The core business model involves facilitating cryptocurrency trading with a focus on transparency and accessibility. The platform does not appear to involve any inherently haram activities like interest-based lending or gambling.
Development and Adoption
The project is in its early stages, with development actively ongoing. While the trading platform is not yet fully operational, the team has published a clear roadmap and maintains regular communication with the community through social media channels.
Token Distribution
The token distribution includes allocations for development, marketing, and community initiatives. A portion of tokens is reserved for the team with standard vesting periods, which is common in cryptocurrency projects.
Crypto Impact
To assign a comfort level investing in InpulseX 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 InpulseX.
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.