SHOPX
Crypto Overview
Project Overview
SHOPX is a decentralized e-commerce token that aims to enable decentralized commerce and retail shopping experiences. The project intends to bridge traditional retail with blockchain technology by providing tools for merchants to accept cryptocurrency payments and tokenize their products.
Purpose and Utility
The primary stated purpose of SHOPX is to serve as a utility token within their decentralized commerce ecosystem. It is designed to be used for payments, rewards, and governance within their platform.
Current Implementation
The project appears to have limited current real-world implementation. While the concept aligns with halal principles by facilitating legitimate trade and commerce, actual adoption and usage data is sparse.
Development Activity
Development activity appears to be minimal based on public repositories and updates. The project's social media and communication channels show irregular updates.
Token Distribution
Token distribution information is publicly available, with allocations for team members, development, and public sale. Vesting schedules are in place for team allocations, which is a positive indicator for long-term commitment.
Business Model Analysis
The core business model of facilitating e-commerce through blockchain technology is inherently halal as it involves legitimate trade of goods and services. The platform does not appear to incorporate any interest-based mechanisms or forbidden activities.
Crypto Impact
To assign a comfort level investing in SHOPX 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 SHOPX.
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.