Tidex Token
Crypto Overview
Overview
Tidex Token (TDX) is the native utility token of the Tidex cryptocurrency exchange platform. The token was created to provide benefits to users of the Tidex exchange.
Purpose and Utility
The primary stated purpose of TDX is to serve as a utility token within the Tidex exchange ecosystem. Token holders can receive trading fee discounts and participate in platform governance decisions. The token also enables access to certain premium features on the exchange.
Business Model Assessment
The business model appears straightforward and transparent - TDX provides utility within a cryptocurrency exchange platform. The core exchange activities involve facilitating the trading of cryptocurrencies, which constitutes legitimate asset exchange. No evidence was found of the token being used for impermissible activities like gambling or interest-based lending.
Adoption and Usage
Current adoption appears limited primarily to the Tidex exchange ecosystem. Trading volumes and user activity metrics are relatively modest compared to larger exchanges. However, the token continues to maintain its core utility functions within the platform.
Development Activity
Development activity appears focused on maintaining and upgrading the exchange platform rather than the token itself, which is appropriate given its role as a utility token. Updates to the platform and token utilities are released periodically.
Token Distribution
Detailed information about token distribution and vesting schedules is limited in public sources. However, no red flags were identified regarding excessive founder allocations or concerning selling patterns.
Crypto Impact
To assign a comfort level investing in Tidex Token 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 Tidex Token.
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.