Moxy
Crypto Overview
Purpose and Utility
Moxy (WMOXY) is a cryptocurrency designed to incentivize and reward miners to create a decentralized supercomputer network. The project aims to utilize unused computing power from miners during off-peak periods. WMOXY tokens serve as both a utility token for accessing computational resources and a governance token for protocol decisions.
Business Model Evaluation
The business model appears transparent and focuses on legitimate computing infrastructure. The core concept involves compensating miners for providing computational resources, which aligns with halal principles as it represents a fair exchange of value. No elements of the business model involve prohibited activities like gambling, interest-based lending, or adult content.
Real-World Adoption
The project is in its early stages, with limited but growing adoption. The network currently has active miners participating in the ecosystem, though the full potential of the decentralized supercomputer network is still being developed.
Platform Development
Development activity is ongoing, with regular updates to the protocol and mining software. The team maintains an active GitHub repository and regularly communicates updates to the community.
Token Distribution
The token distribution appears reasonable with appropriate vesting schedules for team members and early investors. There are no concerning patterns in token allocation that would suggest a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in Moxy 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 Moxy.
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.