Send
Crypto Overview
Overview
Send (SEND) is a cryptocurrency project built on the Ethereum blockchain that focuses on facilitating fast and secure transactions with minimal fees. The project aims to provide a decentralized payment solution for everyday transactions.
Purpose and Utility
The primary intended use of SEND is as a medium of exchange for payments and transfers. The project emphasizes speed and cost-efficiency in transactions.
Business Model Evaluation
The business model appears straightforward and aligned with Islamic principles as it focuses on facilitating trade and commerce through digital means. There is no evidence of involvement in prohibited activities such as interest-based lending or gambling.
Development and Adoption
The project shows ongoing development activity, though adoption remains in early stages. The core functionality of enabling transactions is operational.
Token Distribution
Based on available information, the token distribution appears to be relatively fair, with no concerning concentration in the hands of founders or early investors.
Technology Assessment
The underlying technology focuses on payment processing and transfer of value, which aligns with permissible activities under Islamic finance principles.
Crypto Impact
To assign a comfort level investing in Send 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 Send.
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.