TOKPIE
Crypto Overview
Overview
TOKPIE is a cryptocurrency token (TKP) that serves as the native utility token of the TOKPIE platform, a decentralized exchange and trading platform launched in 2018. The token is built on the Ethereum blockchain as an ERC-20 token.
Intended Utility
The primary intended utilities of TKP include: Platform fee discounts for trading on TOKPIE DEX, Governance rights for platform decisions, Staking rewards for liquidity provision, and Access to exclusive platform features.
Actual Utility Assessment
The token demonstrates actual utility through its active use on the TOKPIE platform for trading fee discounts and platform governance. The platform maintains regular development activity and updates, with verifiable on-chain transactions showing token usage for its intended purposes.
Token Distribution and Governance
Token distribution appears relatively decentralized with no single entity holding a controlling stake. The project maintains transparency regarding token allocations and vesting schedules. Team tokens have vesting periods implemented through smart contracts.
Technology and Revenue Model
The platform generates revenue through trading fees and platform services, which aligns with Islamic principles as it represents actual value exchange. The staking mechanism is based on liquidity provision rather than interest-bearing loans.
Prohibited Activities
The platform's services focus on legitimate trading and exchange activities. There is no evidence of the platform facilitating prohibited activities such as gambling, alcohol-related businesses, or adult content.
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.