Martkist
Crypto Overview
Overview
Martkist (MARTK) is a cryptocurrency project that appears to be a fork of PIVX, itself a fork of DASH. The project claims to focus on providing a decentralized marketplace platform.
Purpose and Utility
The intended purpose of Martkist is to serve as a currency for marketplace transactions and governance within its ecosystem. However, there is extremely limited information available about current actual usage or adoption.
Business Model Analysis
The project appears to utilize a Proof of Stake consensus mechanism. While the basic business model of a decentralized marketplace currency does not inherently conflict with Islamic principles, there is insufficient public information to fully evaluate all aspects of the implementation.
Development Activity
Public development activity appears minimal, with limited recent updates to the project's repositories. The project's social media presence and community engagement are also minimal.
Token Distribution
Detailed information about token distribution, vesting schedules, and founder allocations is not readily available in public sources. This lack of transparency makes it difficult to evaluate the fairness of token distribution.
Crypto Impact
To assign a comfort level investing in Martkist 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 Martkist.
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.