Patex
Crypto Overview
Overview
Patex is a Layer 2 blockchain platform built on top of Ethereum, aiming to provide faster and more cost-effective transactions while maintaining Ethereum's security features. The PATEX token is the native cryptocurrency of the Patex network.
Purpose and Utility
The primary stated purpose of Patex is to serve as a utility token within its ecosystem, enabling: Transaction fee payments on the Patex network, Participation in network governance, Staking for network security.
Business Model Analysis
The platform's business model appears to focus on providing blockchain infrastructure services, which is inherently halal as it creates genuine utility through technology. The project does not appear to be involved in any inherently haram activities like interest-based lending or gambling.
Development and Adoption
The project shows signs of active development with regular GitHub commits and ecosystem growth. While adoption is still in early stages, this does not impact its Sharia compliance assessment.
Token Distribution
Project founders and team members hold a portion of tokens with standard vesting schedules, which is typical for blockchain projects and doesn't raise significant concerns regarding founder enrichment schemes.
Crypto Impact
To assign a comfort level investing in Patex 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 Patex.
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.