XPX
Crypto Overview
Purpose and Utility Analysis
ProximaX (XPX) is a blockchain-based infrastructure platform that combines blockchain, storage, streaming, and database layers. The project aims to provide a more comprehensive distributed ledger technology solution for enterprises and developers.
The XPX token is designed to serve as the native utility token within the ProximaX ecosystem, used for paying transaction fees, storage fees, and other platform services.
Business Model Evaluation
The business model appears to focus on legitimate technological infrastructure development, with no apparent involvement in prohibited activities under Islamic law. The platform's services are transparent and documented.
Real-World Adoption and Usage
Current adoption appears limited, with minimal verifiable real-world implementation. However, this is not inherently problematic from a Shariah compliance perspective.
Development Activity
The project shows ongoing development activity, though at a moderate pace. The platform continues to maintain its core infrastructure.
Token Distribution and Governance
The token distribution model includes allocations for development, team members, and the ecosystem. While detailed recent information about current token distribution is limited, there's no evidence of concerning concentration that would indicate a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in XPX 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 XPX.
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.