XDAO
Crypto Overview
Purpose and Utility
XDAO is a decentralized autonomous organization (DAO) platform that enables users to create and manage DAOs on multiple blockchains. The XDAO token serves as a governance and utility token within the ecosystem.
Business Model and Platform
The platform provides tools for creating DAOs, managing treasury funds, and facilitating collective decision-making. Users can create DAOs without coding knowledge, and the platform supports cross-chain operations. The business model focuses on providing DAO creation and management services, with revenue generated through platform fees.
Real-World Adoption
XDAO has demonstrated actual usage with multiple DAOs being created and managed on their platform. The project operates on several blockchain networks including Ethereum, BNB Chain, Polygon, and Avalanche.
Development Activity
The project maintains active development, with regular updates to their platform and infrastructure. The team consistently releases new features and improvements to the DAO creation and management tools.
Token Distribution and Vesting
The token distribution includes allocations for development, marketing, and community initiatives. Vesting schedules are in place for team tokens to prevent immediate selling pressure.
Crypto Impact
To assign a comfort level investing in XDAO 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 XDAO.
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.