Tokenomy
Crypto Overview
Overview
Tokenomy (TEN) is a cryptocurrency project that emerged from a partnership with Indonesian cryptocurrency exchange Indodax. The project aims to provide a platform for token creation and trading services.
Purpose and Utility
Tokenomy was designed to serve as a utility token within its ecosystem, primarily for paying transaction fees and participating in the platform's services. The token was meant to facilitate various financial services including trading and token launching services.
Business Model Assessment
The business model appears to focus on providing crypto exchange and token creation services. While these core functions are permissible from an Islamic perspective as they involve actual asset exchange and creation of utility, recent activity and development have been minimal.
Real-World Adoption
Current usage of the TEN token appears to be limited primarily to trading on a few exchanges. There is little evidence of significant adoption for its intended utility purposes.
Platform Development
Development activity appears to have slowed significantly. The project's public presence and ecosystem updates have been minimal in recent periods.
Token Distribution
The token distribution information is not readily available in detail, though the project conducted an initial token sale in 2018.
Crypto Impact
To assign a comfort level investing in Tokenomy 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 Tokenomy.
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.