Intentx
Crypto Overview
Overview
Intentx is a decentralized perpetual futures exchange built on the Base network, offering derivatives trading with up to 100x leverage. The INTX token serves as the platform's native governance and utility token.
Purpose and Utility
The primary stated purpose of INTX is to serve as a governance token for the Intentx protocol, allowing holders to participate in decision-making processes. Additionally, it provides utility through trading fee discounts and revenue sharing for token holders.
Business Model Assessment
The core business model centers around providing leveraged perpetual futures trading services. The platform generates revenue through trading fees and liquidations. While the governance and fee discount aspects of the token are legitimate utilities, the main product offering (leveraged perpetual futures) raises significant concerns from an Islamic finance perspective.
Platform Development and Adoption
The platform shows active development and has achieved notable trading volume since its launch. The team maintains regular updates and community engagement. However, the primary usage remains focused on leveraged derivatives trading.
Crypto Impact
To assign a comfort level investing in Intentx 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 Intentx.
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.