TOKPIE
Crypto Overview
Project Overview and Intended Utility
TOKPIE is a decentralized cryptocurrency exchange and token launched in 2018. The TKP token serves as the platform's native utility token, designed to provide governance rights, fee discounts, and revenue sharing for token holders on the TOKPIE exchange platform.
Business Model Analysis
The platform operates as a hybrid centralized-decentralized exchange, allowing users to trade cryptocurrencies and participate in token sales. The TKP token's primary utilities include: reduced trading fees on the platform, participation in platform governance, and sharing of platform revenues.
Actual Utility Assessment
The current usage of TKP appears primarily focused on trading and speculation rather than its intended governance utility. While the exchange platform is operational, trading volumes remain relatively low compared to major exchanges. The development activity on the platform has been minimal in recent periods, with limited technical updates or improvements.
Token Distribution and Governance
The token distribution shows a significant concentration in few wallets, with approximately 70% of the supply controlled by top holders. This raises concerns about centralization and potential market manipulation. The project's transparency regarding token locks and vesting schedules is limited, with insufficient public information about founder holdings.
Operational Analysis
The platform generates revenue through trading fees, listing fees, and other exchange-related services. While these revenue streams are halal in principle, the low trading volumes and limited ecosystem development raise questions about long-term sustainability.
Crypto Impact
To assign a comfort level investing in TOKPIE 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 TOKPIE.
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.