StrikeX

Halal Rating :
Comfortable
Last Price $0.05 Last updated:
Rank 680
1D Change 44.91 %
Market Cap $40.13m
Circulating supply 871,254,319
Maximum supply None

Crypto Overview

Categories
  • BNB Chain

Project Overview

StrikeX (STRX) is a cryptocurrency project that aims to create an ecosystem for trading traditional and digital assets through their TradeStrike platform. The project's stated purpose is to provide a user-friendly trading interface for stocks, cryptocurrencies, NFTs, and real estate using blockchain technology.

Intended Utility

The STRX token serves as the native currency of the StrikeX ecosystem, intended for governance, trading fee discounts, and staking rewards within their planned trading platform. The token is built on the Binance Smart Chain (BSC).

Actual Utility Assessment

Current usage primarily revolves around holding and trading the token itself, as the main trading platform features are still under development. The project has launched StrikeX Wallet but the core trading functionality remains in development phases.

Token Distribution and Governance

The token has a maximum supply of 1 billion STRX. Development team tokens are subject to vesting periods, showing some protection against immediate selling pressure. The project demonstrates active development on GitHub and regular community updates.

Revenue Model

The planned revenue model involves trading fees from the platform, with no interest-bearing mechanisms in the core protocol. The project aims to generate revenue through legitimate trading activities rather than speculative mechanisms.

Crypto Impact

To assign a comfort level investing in StrikeX 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 StrikeX.

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.

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Justification for our Halal Rating