Rapids
Crypto Overview
Overview
Rapids (RPD) was a cryptocurrency project that appears to be defunct as of 2023. The project initially launched in 2018 with the stated purpose of creating a payment system and social media platform focused on privacy and instant transactions.
Project Status
Based on the most recent available information, Rapids has shown no signs of active development or community engagement since 2021. The project's official website is no longer operational, social media channels are inactive, and there is no observable trading volume on any major exchanges.
Original Utility Assessment
The intended utility of Rapids included: 1) A privacy-focused payment system, 2) Social media integration features, 3) Merchant adoption tools. However, there is no evidence that these features were fully developed or meaningfully adopted.
Technical Implementation
Rapids was implemented as an ERC-20 token on the Ethereum blockchain. While this implementation provided basic transfer functionality, there is no evidence of additional technical development beyond the basic token contract.
Crypto Impact
To assign a comfort level investing in Rapids 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 Rapids.
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.