NewGold
Crypto Overview
Unfortunately, I am unable to find verifiable information about a cryptocurrency called NewGold (NEWG). This could mean either the project is very new and not yet widely documented, or the information available is not reliable enough to make a thorough assessment.
Without access to verifiable information about the project's:
- Stated purpose and actual usage
- Business model and revenue streams
- Token distribution and vesting schedules
- Development activity and team background
- Current adoption metrics
A proper assessment would require being able to verify the project's whitepaper, smart contracts, team information, and actual use cases to determine if it aligns with Islamic finance principles.
Crypto Impact
To assign a comfort level investing in NewGold 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 NewGold.
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.