Phore
Crypto Overview
Overview
Phore was a blockchain project that aimed to provide a privacy-focused cryptocurrency and marketplace platform. However, as of the most recent information available, the Phore project appears to be defunct or abandoned.
Purpose and Utility
The original stated purpose of Phore was to create a privacy-focused cryptocurrency with a decentralized marketplace. The project intended to facilitate private transactions and e-commerce through its blockchain platform.
Business Model Analysis
The project's intended business model focused on providing a platform for decentralized commerce and private transactions. While these purposes aligned with halal principles in theory, the project's development and maintenance appear to have ceased.
Real-World Adoption
Current data shows negligible to non-existent trading volume and development activity. The project's social media channels and development repositories show no recent updates.
Platform Development
There is no evidence of recent development activity on the project's GitHub repositories or other development platforms.
Token Distribution and Founder Analysis
Due to the project's apparent abandonment, current token distribution data is not meaningful for analysis.
Crypto Impact
To assign a comfort level investing in Phore 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 Phore.
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.