Amazy
Crypto Overview
Project Overview
Amazy is a Web3 'move-to-earn' platform that rewards users with AZY tokens for physical activity, primarily walking and running. The project combines elements of GameFi and fitness tracking, where users can purchase NFT sneakers to earn rewards for their movement.
Utility Analysis
The primary utility of the AZY token is threefold: governance rights in the Amazy DAO, in-app purchases of NFT sneakers and accessories, and rewards for physical activity. Users can stake AZY tokens to participate in platform governance decisions and earn additional rewards.
Business Model
The platform generates revenue through NFT sneaker sales, marketplace fees, and in-app purchases. This model aligns with halal principles as it involves actual exchange of digital assets and provides tangible utility through fitness tracking and rewards.
Development and Adoption
Amazy launched in 2022 and has shown consistent development activity. The platform reports over 200,000 registered users and maintains active social media presence and community engagement. The project continues to release updates and new features according to their roadmap.
Token Distribution
The total supply of AZY tokens is 1 billion, with distribution allocated across ecosystem rewards, team tokens (with vesting periods), marketing, and community incentives. The team's portion is subject to a vesting schedule, indicating commitment to long-term development.
Crypto Impact
To assign a comfort level investing in Amazy 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 Amazy.
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.