Privatix
Crypto Overview
Overview
Privatix is a decentralized VPN service and internet bandwidth marketplace launched in 2017. The PRIX token is used as the native currency within this ecosystem to facilitate payments between bandwidth providers and consumers.
Purpose and Utility
The primary purpose of PRIX is to serve as a medium of exchange within the Privatix network. Bandwidth providers earn PRIX tokens by sharing their unused internet bandwidth, while users spend PRIX to access VPN and proxy services.
Business Model Evaluation
The business model appears to be halal-compliant as it involves the legitimate exchange of services (internet bandwidth) for compensation. The platform facilitates real utility through providing VPN services, which is a permissible activity under Islamic principles.
Development and Adoption
Recent development activity appears to be minimal, with limited updates to their GitHub repositories. The project's adoption metrics show relatively low usage of the platform compared to its initial goals.
Token Distribution
The initial token distribution allocated 40% to the team and early investors, with vesting periods implemented. The remaining tokens were distributed through their ICO and for platform development.
Crypto Impact
To assign a comfort level investing in Privatix 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 Privatix.
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.