XNET Mobile
Crypto Overview
Purpose and Utility
XNET Mobile aims to create a decentralized mobile network infrastructure where users can earn tokens by sharing their mobile data. The project claims to enable peer-to-peer mobile data sharing through blockchain technology.
Business Model Analysis
The business model involves creating a marketplace for mobile data sharing, which is inherently halal as it involves the exchange of real utility (mobile data) between parties. The project doesn't involve any inherently prohibited activities like interest-bearing products or gambling.
Development and Adoption
Current development activity appears limited, with minimal public documentation about technical implementation. While the project has a website and whitepaper, there is little evidence of significant real-world adoption or working infrastructure at this time.
Token Distribution
Information about token distribution and vesting schedules is not readily available in public documentation. This lack of transparency is noteworthy but does not inherently make the project haram.
Technology Assessment
The underlying concept of creating a decentralized mobile network involves legitimate technological utility. The token is meant to serve as both a utility token for accessing mobile data services and a governance token for network decisions.
Crypto Impact
To assign a comfort level investing in XNET Mobile 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 XNET Mobile.
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.