Uquid Coin
Crypto Overview
Overview
Uquid Coin (UQC) is the native token of the Uquid ecosystem, which aims to bridge traditional e-commerce with blockchain technology. The project was launched in 2017 and is designed to facilitate digital shopping, payments, and financial services.
Intended Utility
The primary intended purpose of UQC is to serve as a utility token within the Uquid digital marketplace ecosystem. It is meant to be used for payments, rewards, and accessing various services on the platform.
Actual Utility Assessment
The token shows limited but existing utility within its ecosystem. Current use cases include: payments on the Uquid marketplace, discounts for Uquid services, and governance participation rights. The development team maintains regular updates to the platform.
Token Distribution and Founder Analysis
Token distribution information is publicly available, with a significant portion allocated to the ecosystem development and community rewards. The founding team has maintained consistent involvement in the project's development since launch.
Technology and Revenue Model
The platform operates on the Ethereum blockchain and focuses on e-commerce integration. The revenue model is primarily based on transaction fees and marketplace activities, which align with Islamic principles as they represent actual value exchange.
Industry Focus
The project focuses on legitimate e-commerce and digital payments, with no indication of involvement in prohibited industries or activities.
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.