XFUEL
Crypto Overview
Purpose and Utility
XFUEL is the utility token of the CrossTech ecosystem, designed to power various services within their blockchain infrastructure. It serves as the native token for the CrossWallet platform and is used for transaction fees, staking, and governance within the CrossTech ecosystem.
Business Model Analysis
The business model appears to focus on providing blockchain infrastructure services, with XFUEL serving as the utility token for these services. The core activities involve legitimate technological development and do not inherently involve any prohibited activities under Islamic law.
Real-World Adoption
The token shows moderate adoption within its ecosystem, primarily being used for its intended purposes of transaction fees and staking. While trading activity exists on various exchanges, this does not affect its halal status as actual asset ownership is transferred in these trades.
Development Activity
The project maintains active development, with regular updates to their infrastructure and platform features. The development team appears to be consistently working on improving the ecosystem's functionality.
Token Distribution
The token distribution shows a balanced allocation between team, development fund, and public circulation. While there is a significant portion allocated to the team and early investors, this is common in blockchain projects and does not inherently affect its halal status.
Crypto Impact
To assign a comfort level investing in XFUEL 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 XFUEL.
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.