XFai
Crypto Overview
Project Overview
XFai is a DeFi platform that aims to solve liquidity issues for small to medium-cap tokens through its Liquidity Oracle. The project's main utility is to provide better liquidity and trading conditions for smaller cryptocurrencies on decentralized exchanges (DEXs).
Intended Purpose & Current Usage
The XFIT token serves as both a governance token and utility token within the XFai ecosystem. Token holders can participate in governance decisions and access various platform features. The token is actively used for its intended purposes within the XFai ecosystem.
Business Model Evaluation
XFai's business model focuses on improving DEX trading infrastructure through innovative liquidity solutions. The platform's core functionalities don't involve interest-bearing products or gambling mechanisms. The project maintains transparency through open-source code and regular community updates.
Development & Adoption
The project shows ongoing development activity with regular updates to its infrastructure. While adoption remains in early stages, this doesn't impact its halal classification. The team continues to work on expanding partnerships and integration with various DeFi protocols.
Token Distribution & Vesting
Token distribution includes allocations for team, development, and community initiatives. Vesting schedules are in place for team tokens, suggesting a long-term commitment to the project.
Crypto Impact
To assign a comfort level investing in XFai 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 XFai.
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.