ALITA
Crypto Overview
Overview
ALITA is a cryptocurrency that operates on the Binance Smart Chain (BSC). The project aims to create a decentralized ecosystem focused on gaming and NFT (Non-Fungible Token) integration.
Purpose and Utility
The primary stated purpose of ALITA is to serve as a utility token within their gaming ecosystem. It is designed to facilitate in-game transactions, NFT trading, and governance participation within their platform.
Business Model Evaluation
The business model centers around gaming and NFT utility, which are permissible activities from an Islamic perspective as they involve actual asset ownership and value exchange. The project does not appear to engage in interest-based lending or gambling activities.
Real-World Adoption
The project shows moderate adoption within its intended gaming ecosystem. While trading activity represents a significant portion of token movement, this does not affect its halal status as actual asset ownership is transferred.
Platform Development
Development activity appears to be ongoing, with regular updates to their gaming platform and NFT marketplace infrastructure. The project maintains active social media presence and community engagement.
Token Distribution
Token distribution shows a significant portion allocated to development and ecosystem growth, with vesting periods in place for team allocations. While there is some concentration of tokens among early holders, this does not impact its permissibility from a Shariah perspective.
Crypto Impact
To assign a comfort level investing in ALITA 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 ALITA.
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.