1Move

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.