Mixin
Crypto Overview
Project Overview
Mixin is a free and lightning fast peer-to-peer digital asset transactional network. The project launched in late 2017 and is built on the BFT-DAG network to provide instant and secure cryptocurrency transactions. Mixin Network aims to create a user-friendly cryptocurrency transaction platform that allows users to manage and transfer various digital assets.
Purpose and Utility
Mixin Network's primary utility includes facilitating fast cryptocurrency transactions, providing a secure messaging platform, and enabling decentralized applications through its BFT-DAG infrastructure. The XIN token serves as the native asset of the network and is required for node operation and network security.
Business Model and Implementation
The platform operates through a network of nodes that validate transactions and maintain network security. Node operators must stake XIN tokens to participate in network consensus. The business model focuses on providing infrastructure for digital asset transfers and secure communication, with no involvement in interest-bearing activities or prohibited industries.
Real-World Adoption
Mixin Network has shown significant adoption, particularly in Asia, with over 1 million registered users. The platform processes millions of transactions monthly across various cryptocurrencies. Several dApps have been built on the network, demonstrating practical utility beyond speculation.
Token Distribution
The total supply of XIN is capped at 1,000,000 tokens. The distribution includes allocations for team members and early investors with appropriate vesting periods to prevent dump scenarios. The project maintains transparency regarding token allocation and usage.
Crypto Impact
To assign a comfort level investing in Mixin 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 Mixin.
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.