XT Smart Chain
Crypto Overview
Purpose and Utility
XT Smart Chain (XT) is a blockchain platform developed by the XT.com exchange. It aims to provide a high-performance, low-cost blockchain infrastructure for decentralized applications (dApps) and digital asset transfers.
Business Model
The platform operates as a Proof of Stake blockchain, allowing token holders to participate in network validation. The business model appears focused on providing blockchain infrastructure services and facilitating decentralized applications.
Real-World Adoption
Current adoption appears limited primarily to the XT.com exchange ecosystem. While the blockchain infrastructure exists, there is limited public information about active dApps or significant partnerships outside the exchange.
Platform Development
Development activity appears to be ongoing, though public repositories and detailed technical documentation are limited. The project maintains basic blockchain operations and continues to support its core functions.
Token Distribution
Detailed information about token distribution and vesting schedules is not readily available in public documentation. The token is primarily used within the XT.com exchange ecosystem.
Technology Review
The blockchain operates on a Proof of Stake consensus mechanism, which is permissible from an Islamic finance perspective as it involves actual asset ownership and network participation. The platform does not inherently involve interest-bearing mechanisms or gambling elements.
Crypto Impact
To assign a comfort level investing in XT Smart Chain 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 XT Smart Chain.
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.