Shopping.io
Crypto Overview
Purpose and Utility
Shopping.io is a cryptocurrency project that aims to facilitate e-commerce transactions by allowing users to purchase products from major retailers like Amazon, eBay, and Walmart using various cryptocurrencies. The SHOP token serves as the native utility token of the platform, offering holders discounts on purchases and access to special features.
Business Model Assessment
The business model appears to align with halal principles as it facilitates legitimate commerce and exchange of goods. The platform serves as an intermediary for real product purchases, creating tangible utility through e-commerce integration.
Platform Development and Adoption
The project maintains active development and has established partnerships with major e-commerce platforms. The platform is functional and currently in use, though adoption remains relatively limited. The team continues to update the platform and expand its features.
Token Distribution and Governance
While detailed token distribution information is limited in recent public documentation, the project maintains transparent operations in its e-commerce integration services. The token serves clear utility purposes through its discount mechanism and platform functionality.
Crypto Impact
To assign a comfort level investing in Shopping.io 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 Shopping.io.
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.