Wibx
Crypto Overview
Overview
Wibx is a Brazilian cryptocurrency project launched in 2018 that aims to serve as a utility token for the WiBX ecosystem. The project focuses on connecting consumers with businesses through a rewards and cashback system.
Purpose and Utility
The stated purpose of WBX is to act as a medium of exchange within their ecosystem, particularly for reward points and cashback programs. Users can earn WBX tokens through purchases at participating merchants and then redeem them for products or services.
Business Model Analysis
The business model appears to be focused on legitimate commerce and retail transactions. There is no evidence of involvement in prohibited activities like gambling, interest-based lending, or adult content. The system operates on a straightforward points-for-purchases model similar to traditional loyalty programs.
Real-World Adoption
While the project has established some partnerships with Brazilian retailers, current adoption and usage appears limited. The token is primarily traded on smaller cryptocurrency exchanges, with most trading volume concentrated on the NovaDAX exchange.
Development Activity
The project maintains basic development activity, though public GitHub repositories show limited recent updates. The team continues to maintain their core platform and mobile application.
Token Distribution
Information about exact token distribution is limited in public sources, though the project did conduct an initial token sale. The team maintains some level of transparency through their official channels and social media presence.
Crypto Impact
To assign a comfort level investing in Wibx 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 Wibx.
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.