888
Crypto Overview
Overview
888 DAO is a cryptocurrency project launched in 2023 on the Polygon network. The project aims to build a decentralized autonomous organization (DAO) focused on developing and integrating Web3 technologies.
Purpose and Utility
The stated purpose of 888 is to serve as a governance token for the 888 DAO ecosystem. Token holders can participate in governance decisions and vote on proposals related to the project's development.
Business Model Assessment
The project's business model appears focused on building Web3 infrastructure and community-driven development. No direct involvement in prohibited activities like gambling, interest-based lending, or adult content has been identified.
Real-World Adoption
While the project is still in its early stages, there is evidence of active governance participation by token holders. The token has gained some traction within the Polygon ecosystem, though adoption remains limited.
Development Activity
The project maintains an active GitHub repository with regular commits. The development team appears to be consistently working on platform improvements and feature additions.
Token Distribution
Token distribution information indicates a relatively balanced allocation between team members, community treasury, and public holders. Vesting schedules are in place for team tokens to prevent immediate selling.
Crypto Impact
To assign a comfort level investing in 888 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 888.
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.