WeSendit
Crypto Overview
Project Overview
WeSendit is a cryptocurrency project aiming to create a decentralized platform for secure file sharing and data transfer. The WSI token is designed to facilitate transactions within the WeSendit ecosystem.
Purpose and Utility
The stated purpose of WSI is to serve as the native utility token for the WeSendit platform, where users can pay for file sharing services, storage, and premium features. The token also provides governance rights to holders.
Business Model Analysis
The core business model revolves around providing decentralized file sharing services, which is a permissible activity under Islamic principles. There are no apparent elements of riba (interest) or prohibited activities in the basic functionality.
Development and Adoption
Research indicates limited publicly available information about current development activity and real-world adoption metrics. While the project appears to be in early stages, this doesn't affect its Sharia compliance assessment.
Token Distribution
Based on available information, WSI tokens appear to be distributed through standard market mechanisms. No concerning patterns in token distribution or vesting schedules have been identified that would suggest a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in WeSendit 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 WeSendit.
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.