STEMX
Crypto Overview
Purpose and Utility
STEMX is a cryptocurrency project that claims to be focused on creating a blockchain-based ecosystem for STEM education and research. They aim to facilitate connections between STEM professionals, students, and educational institutions.
Business Model Assessment
The business model appears to be based on creating a platform for STEM education resources and collaboration. From available information, there are no apparent elements that would conflict with Islamic principles. The project does not involve interest-bearing mechanisms, gambling, or prohibited industries.
Real-World Adoption
Current adoption and usage metrics for STEMX are limited. While the project maintains an active social media presence, there is minimal evidence of widespread implementation in educational institutions or STEM organizations.
Platform Development
Development activity appears to be ongoing, though at a modest pace. The team maintains a presence on GitHub, with occasional updates to their codebase.
Token Distribution
Information about token distribution and vesting schedules is publicly available, with a significant portion allocated for development and ecosystem growth. There are vesting periods in place for team allocations, which adds a layer of credibility to the project's long-term intentions.
Crypto Impact
To assign a comfort level investing in STEMX 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 STEMX.
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.