Vivo
Crypto Overview
Overview
Vivo (VIVO) is a cryptocurrency that was created as a fork of PIVX, which itself was a fork of DASH. The project appears to be inactive, with no significant development or community activity in recent years.
Purpose and Utility
The original stated purpose of VIVO was to serve as a privacy-focused cryptocurrency for daily transactions, utilizing a Proof of Stake consensus mechanism. The project aimed to implement masternodes and privacy features similar to its parent projects.
Business Model Analysis
The business model was based on providing private transactions and allowing users to earn rewards through staking and masternodes. These activities themselves do not conflict with Islamic principles as they involve real asset ownership and network participation.
Real-World Adoption
Current data shows extremely limited trading volume and virtually no active development or community engagement. While limited adoption itself is not a concern from a Shariah perspective, it's worth noting that the project appears to be essentially abandoned.
Platform Development
The project's Github repository shows no recent commits or meaningful development activity. The official website is no longer accessible, and social media channels appear dormant.
Crypto Impact
To assign a comfort level investing in Vivo 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 Vivo.
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.