Jade Currency
Crypto Overview
Overview
Jade Currency (JADE) is a cryptocurrency that was launched with the stated purpose of facilitating transactions in the jade and precious stones market. The project aimed to create a specialized digital currency for the jade trading industry.
Purpose and Utility Analysis
The intended purpose was to serve as a medium of exchange specifically for jade traders and collectors, potentially reducing friction in international jade transactions. However, current on-chain analysis shows very limited actual usage for this stated purpose.
Business Model Evaluation
The business model itself does not involve any inherently haram activities. The concept of creating a specialized currency for jade trading is permissible under Islamic finance principles, as it involves real asset exchange and legitimate commerce.
Development and Adoption
Development activity appears to be minimal based on public repository data. The project's ecosystem shows limited current adoption for its stated use case in the jade trading industry.
Token Distribution and Governance
Limited public information is available about token distribution and vesting schedules. The project operates on the Binance Smart Chain.
Crypto Impact
To assign a comfort level investing in Jade Currency 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 Jade Currency.
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.