Soldex
Crypto Overview
Overview
Soldex is a decentralized exchange (DEX) project built on the Solana blockchain that aims to provide AI-powered trading features. The SOLX token is the native utility token of the platform.
Purpose and Utility
The stated purpose of SOLX is to serve as a governance and utility token within the Soldex ecosystem. Token holders can participate in governance decisions, access trading features, and receive trading fee discounts.
Development and Adoption
Upon investigation, the project appears to be inactive. The official website is no longer accessible, social media channels show no recent activity, and there is no evidence of ongoing development. The token has extremely limited trading volume and liquidity across exchanges.
Token Distribution
Due to the project's apparent inactivity and lack of transparent information, details about token distribution, vesting schedules, and current holdings are not verifiable.
Business Model Analysis
While the intended business model of a decentralized exchange with AI features would be permissible from an Islamic perspective, the current state of the project raises significant concerns about whether it continues to provide any real utility or value to token holders.
Crypto Impact
To assign a comfort level investing in Soldex 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 Soldex.
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.