XION
Crypto Overview
Overview
XION is a web3 marketplace protocol that aims to facilitate decentralized commerce and expand access to digital goods and services. The XION token serves as the native currency for transactions within the XION ecosystem.
Purpose and Utility
The primary stated purpose of XION is to power a decentralized marketplace where users can buy and sell digital goods and services. The token is used for marketplace transactions, governance, and rewards within the ecosystem.
Business Model Analysis
The business model appears to focus on legitimate commerce and marketplace activities. The platform enables direct peer-to-peer transactions without intermediaries, which aligns with Islamic principles of fair trade. No evidence was found of involvement in prohibited activities like gambling, interest-based lending, or adult content.
Development and Adoption
The project shows active development with regular updates to its marketplace protocol. While adoption is still in early stages, there are signs of growing merchant participation and transaction volume on the platform. The development team maintains regular communication and transparency about project progress.
Token Distribution
Token distribution includes allocations for development, marketing, and community incentives. While detailed vesting schedules weren't publicly available at the time of this review, no immediate red flags were identified in the distribution model.
Crypto Impact
To assign a comfort level investing in XION 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 XION.
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.