SAFE DEAL
Crypto Overview
Purpose and Utility
Safe Deal (SFD) is a decentralized peer-to-peer marketplace and escrow service platform built on the Ethereum blockchain. The token is designed to facilitate secure transactions between buyers and sellers by acting as an escrow mechanism.
Business Model Analysis
The platform aims to provide a secure trading environment where users can exchange goods and services using cryptocurrency with built-in escrow protection. The SFD token serves as the native currency for transactions and escrow deposits within the platform.
Platform Development and Adoption
The development activity appears to be minimal, with limited recent updates to the platform. The project's social media presence and community engagement have been notably low. While the marketplace concept is legitimate, actual adoption and usage of the platform remain limited.
Token Distribution and Governance
Information about token distribution and vesting schedules is not readily available, which raises transparency concerns. However, this lack of transparency alone does not make the token haram.
Core Functionality Review
The fundamental escrow service and marketplace functionality do not involve any inherently haram elements such as interest-based lending or gambling mechanisms. The basic premise of facilitating secure trades aligns with Islamic principles of fair commerce.
Crypto Impact
To assign a comfort level investing in SAFE DEAL 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 SAFE DEAL.
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.