QMALL TOKEN
Crypto Overview
Overview
QMALL token is the native cryptocurrency of the QMALL cryptocurrency exchange platform, based in Ukraine. The token was launched in 2021 and operates on the Binance Smart Chain network.
Purpose and Utility
QMALL token's primary stated purpose is to serve as a utility token within the QMALL exchange ecosystem. Token holders can receive trading fee discounts, participate in exclusive token sales, and access certain platform features.
Business Model Review
The token's utility is primarily focused on exchange operations, which involves legitimate asset trading and exchange services. The platform appears to operate as a standard cryptocurrency exchange, facilitating the trading of various digital assets.
Real-World Adoption
The token and platform show limited adoption outside Eastern Europe. Trading volumes and user activity metrics are relatively modest compared to major exchanges.
Development Activity
Development activity appears to be focused on maintaining the exchange platform rather than expanding token utility. Documentation and technical updates are limited but present.
Token Distribution
While detailed token distribution information is not readily available in public documentation, the token operates within the exchange's ecosystem as a utility token with clear use cases.
Crypto Impact
To assign a comfort level investing in QMALL TOKEN 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 QMALL TOKEN.
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.