Uquid Coin
Crypto Overview
Overview and Purpose
Uquid Coin (UQC) is the native token of the Uquid digital marketplace ecosystem, launched in 2017. The project aims to bridge traditional e-commerce with blockchain technology, allowing users to purchase digital products and gift cards using cryptocurrency.
Platform Utility
The primary stated uses of UQC include: Governance rights in the Uquid ecosystem, Payment for products and services on the Uquid marketplace, Rewards for platform users, Discounts on platform fees.
Business Model Analysis
The business model centers around e-commerce and digital product distribution, which are permissible activities under Islamic principles. The platform does not engage in interest-based lending or explicitly prohibited activities.
Development and Adoption
The project maintains an active development presence, with regular updates to their marketplace platform. While adoption remains relatively modest compared to larger cryptocurrencies, there is evidence of genuine utility through their digital marketplace transactions.
Token Distribution and Governance
Token distribution information shows a relatively balanced allocation, with no concerning concentration in founder or early investor wallets. The project implements a standard governance model where token holders can participate in platform decisions.
Crypto Impact
To assign a comfort level investing in Uquid Coin 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 Uquid Coin.
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.