1Move
Crypto Overview
Purpose and Intended Use
1Move (1MT) is the native token of the 1Move ecosystem, designed to incentivize physical activity and healthy living through a move-to-earn model. The platform aims to encourage users to maintain active lifestyles by rewarding them with tokens for completing physical activities.
Business Model Analysis
The project's business model appears to focus on promoting health and wellness, which aligns with Islamic principles of maintaining physical well-being. Users can earn tokens by verifying their physical activities through the platform's mobile application.
Real-World Adoption
Current adoption metrics and usage statistics for 1Move are limited. The project is in its early stages, which explains the relatively low adoption rates. However, this does not impact its Sharia compliance assessment.
Development Activity
The platform shows ongoing development efforts, with regular updates to their mobile application and blockchain infrastructure. The development team maintains an active presence on social media and community channels.
Token Distribution
The token distribution appears to follow a standard allocation model with portions reserved for development, marketing, and community rewards. There are vesting schedules in place for team tokens, which demonstrates some level of commitment to long-term development.
Technology Assessment
The platform operates on a blockchain network and uses proof-of-activity validation mechanisms. The core technology does not involve interest-bearing components or gambling elements. The reward mechanism is based on actual physical activity verification rather than chance.
Crypto Impact
To assign a comfort level investing in 1Move 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 1Move.
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.