YouSUI

Halal Rating :
Comfortable
Last Price $0.00063 Last updated:
Rank 2995
1D Change -0.82 %
Market Cap $1532.25
Circulating supply 2,429,589
Maximum supply 100,000,000
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Sui Ecosystem

Overview

YouSUI (XUI) is a utility token built on the SUI blockchain that aims to serve as a governance and utility token for the YouSUI ecosystem. The project focuses on creating a suite of decentralized applications (dApps) and tools for the SUI network.

Purpose and Utility

The primary stated purposes of XUI include: Governance rights for protocol decisions, Access to YouSUI's planned dApp ecosystem, Staking functionality for network security.

Current Development and Usage

The project is in its early stages, with development focusing on building out the core infrastructure. The token currently functions primarily as a governance token, though the broader ecosystem features are still under development.

Token Distribution

Token distribution includes allocations for: Development (20%), Team (15%), Community Growth (25%), Ecosystem Development (40%). Team tokens are subject to a vesting schedule over 24 months.

Platform Activity

The project maintains active development on GitHub, with regular updates to their core protocol. The team provides transparent communication through their official channels about development progress.

Revenue Model

The project's revenue model is based on protocol fees from planned dApp usage and ecosystem services, not from interest-bearing activities or lending.

Crypto Impact

To assign a comfort level investing in YouSUI 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 YouSUI.

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.

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