Proxy
Crypto Overview
Purpose and Utility
Proxy (PRXY) is a utility token designed for the Proxy network, a decentralized online privacy platform that aims to provide secure and anonymous internet access through a decentralized peer-to-peer bandwidth marketplace. The token is used to compensate node operators who provide bandwidth and to pay for VPN services within the network.
Business Model Analysis
The business model revolves around creating a decentralized VPN service where users can purchase bandwidth using PRXY tokens, and node operators can earn tokens by providing bandwidth resources. This model appears to align with Islamic principles as it involves a clear exchange of services and value.
Real-World Adoption
The project is in its early stages, with limited adoption currently. The platform is operational and being actively used, though the scale of usage is modest compared to traditional VPN services. Node operators are actively participating in the network, providing bandwidth services in exchange for PRXY tokens.
Development Activity
The project maintains regular development activity with consistent updates to its core infrastructure. The team regularly pushes updates to their GitHub repository and maintains active communication with their community through official channels.
Token Distribution
The token distribution shows a relatively balanced allocation between team members, development fund, and public distribution. Team tokens are subject to a vesting schedule, indicating some protection against immediate selling pressure from insiders.
Crypto Impact
To assign a comfort level investing in Proxy 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 Proxy.
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.