xFund
Crypto Overview
Overview
xFund is the native token of the Unification ecosystem, which provides oracle services and data transmission solutions for blockchain networks. The primary purpose of xFund is to serve as a utility and governance token within the Unification Oracle system, known as Oracle of Oracles (OoO).
Purpose and Utility
The xFund token serves multiple functions: It is used to pay for oracle services within the network, stake by node operators to participate in the oracle network, and governance voting rights for protocol decisions. Node operators must stake xFund to run validator nodes and earn rewards for providing oracle services.
Business Model Evaluation
The business model revolves around providing decentralized oracle services, which is a legitimate and necessary infrastructure component for blockchain networks. The revenue model is based on service fees paid in xFund for oracle data requests, which represents a clear exchange of value.
Development and Adoption
The project shows consistent development activity on GitHub and has established partnerships with several blockchain projects. The oracle network is operational and actively providing data services to various protocols.
Token Distribution
The token distribution includes allocations for the team and early investors with standard vesting schedules. There are no unusual concentrations of tokens that would suggest a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in xFund 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 xFund.
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.