OneArt

Halal Rating :
Comfortable
Last Price $0.0042 Last updated:
Rank 2212
1D Change -8.66 %
Market Cap $595251.74
Circulating supply 143,416,035
Maximum supply 1,000,000,000
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Collectibles & NFTs
  • Wallet
  • Ethereum Ecosystem
  • Hacken Foundation
  • Polygon Ecosystem
  • Fantom Ecosystem
  • NFTb Launchpad
  • BNB Chain Ecosystem

Overview

OneArt (1ART) is a utility token that operates on the Binance Smart Chain (BSC). It serves as the native token for the OneArt NFT marketplace ecosystem, which aims to facilitate the creation, trading, and management of non-fungible tokens (NFTs).

Purpose and Utility

The primary purpose of 1ART is to serve as a governance and utility token within the OneArt ecosystem. Token holders can participate in platform governance decisions and access various features of the NFT marketplace. The token is used for marketplace fees, creator royalties, and platform services.

Business Model Analysis

The business model revolves around NFT trading and marketplace operations. The platform generates revenue through transaction fees from NFT sales and trades, with the 1ART token being used as a means of payment and governance. This model appears to involve legitimate asset exchange and value creation.

Real-World Adoption

The project shows limited but existing adoption within the NFT space. While trading volumes are modest compared to larger NFT marketplaces, there is evidence of actual NFT transactions and marketplace activity.

Development Activity

The project maintains an active development presence, with regular updates to the marketplace platform and smart contracts. The team continues to work on expanding features and improving the user experience.

Token Distribution

The token distribution includes allocations for the team, development, marketing, and community. While specific vesting details are not widely published, there is no evidence of unusual token concentration or suspicious selling patterns by founders.

Crypto Impact

To assign a comfort level investing in OneArt 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 OneArt.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

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