Paribu Net
Crypto Overview
Overview
Paribu Net (PRB) is the native utility token of the Paribu cryptocurrency exchange based in Turkey. The token was launched in 2022 as part of the Paribu ecosystem.
Purpose and Utility
PRB token's primary stated purpose is to serve as a utility token within the Paribu exchange ecosystem. Token holders can receive trading fee discounts and participate in platform activities. The token also claims to enable access to special features and events on the Paribu platform.
Business Model Analysis
The business model appears straightforward and transparent - the token provides utility within a cryptocurrency exchange ecosystem. The core activities (trading fee discounts, platform benefits) do not inherently involve any prohibited activities under Islamic law.
Real-World Adoption
The token's usage is primarily confined to the Paribu exchange ecosystem. While adoption is limited mostly to Paribu's user base in Turkey, this limitation does not impact its sharia compliance status.
Development Activity
The token operates as an ERC-20 token on the Ethereum blockchain. Development activity appears focused on integration with Paribu's exchange features rather than independent protocol development.
Token Distribution
Information about exact token distribution and vesting schedules is limited in public sources. However, the token's primary function as an exchange utility token means its value is tied to the exchange's operations rather than purely speculative purposes.
Revenue Model
The revenue model is based on exchange operations and trading activities, which are permissible under Islamic finance principles as they involve actual asset exchange and create real utility for users.
Crypto Impact
To assign a comfort level investing in Paribu Net 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 Paribu Net.
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.