Polybius
Crypto Overview
Project Overview
Polybius was launched in 2017 as a project aimed at creating a regulated digital bank that would combine features of traditional banking with modern technologies like blockchain, artificial intelligence, and digital identity management. The PLBT token was designed to represent ownership rights in the Polybius project and provide holders with a share of the company's profits.
Current Status
Based on the most recent available information, the Polybius project appears to be inactive. The official website is no longer operational, and there has been no significant development activity or community engagement for an extended period. The token's trading volume is minimal, and there are no signs of the promised banking platform being developed or implemented.
Utility Analysis
The intended utility of PLBT was to serve as a profit-sharing token for the Polybius digital bank. However, since the banking platform was never fully developed or launched, the token currently has no practical utility. There is no evidence of any real-world adoption or usage of the platform or token for its intended purpose.
Business Model Evaluation
While the original business model of creating a regulated digital bank was theoretically compliant with Islamic principles, the project's failure to deliver on its promises and current inactive status raises significant concerns.
Crypto Impact
To assign a comfort level investing in Polybius 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 Polybius.
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.