SPINDLE
Crypto Overview
Overview
SPINDLE (SPD) was launched in 2018 as a blockchain-based platform for investment management and financial services. The project claimed to focus on creating a decentralized investment ecosystem.
Project Status
As of the most recent available information, SPINDLE appears to be inactive. The project's official website is no longer operational, and there has been no significant development activity or community engagement for an extended period. The token has been delisted from major exchanges.
Historical Context
In 2018, Japanese authorities investigated the project and its founder for potential regulatory violations. The project faced accusations of operating without proper licenses and misrepresenting information to investors.
Utility Analysis
The intended utility was to serve as a token for investment management services. However, there is no evidence of the token being actively used for its stated purpose. No significant partnerships, integrations, or real-world applications have materialized.
Development and Community
There is no recent evidence of active development or meaningful community engagement. The project's social media channels and development repositories show minimal to no activity.
Crypto Impact
To assign a comfort level investing in SPINDLE 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 SPINDLE.
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.