X8X Token
Crypto Overview
Purpose and Utility
X8X Token (X8X) was designed as a utility token for the X8 Project ecosystem, intended to provide holders with discounted fees when purchasing X8 Currency, a proposed crypto-fiat hybrid currency system. The token was meant to serve as a membership token within their ecosystem.
Business Model Evaluation
The intended business model appears to focus on creating a stable cryptocurrency backed by major fiat currencies. However, current data shows extremely limited activity and development.
Real-World Adoption
The token shows minimal trading activity and very limited real-world adoption. The project's development appears to have stalled, with little to no recent updates or progress towards its stated goals.
Platform Development
The project's development activity appears dormant, with no significant updates to their technology or ecosystem in recent periods. The official website and most communication channels are inactive.
Token Distribution and Founder Activity
Information about current token distribution and founder activities is limited due to the project's apparent inactivity. The project seems to have been largely abandoned by its original team.
Crypto Impact
To assign a comfort level investing in X8X Token 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 X8X Token.
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.