Nusa
Crypto Overview
Purpose and Utility
NUSA is the native token of NusaGate, which is presented as an Indonesian-focused cryptocurrency exchange and ecosystem. The token is intended to serve as a utility token within the NusaGate platform, offering trading fee discounts and participation in the platform's governance.
Business Model and Platform
The project aims to provide cryptocurrency trading services primarily focused on the Indonesian market. The platform includes spot trading, staking services, and a marketplace. It is built on the BNB Smart Chain.
Real-World Adoption
The project has shown limited adoption primarily within Indonesia. Trading volumes and user activity appear to be concentrated on a few exchanges, with most activity occurring on the NusaGate platform itself.
Development Activity
The development team maintains regular updates to the platform and has implemented several features since launch. However, detailed technical documentation and open-source repositories are limited.
Token Distribution
Information about the precise token distribution and vesting schedules is not readily available in public documentation, which creates some transparency concerns. However, this alone does not make the project haram.
Crypto Impact
To assign a comfort level investing in Nusa 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 Nusa.
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.