Atlas Navi
Crypto Overview
Project Overview
Atlas Navi is a user-powered navigation app that aims to reward users with cryptocurrency tokens for sharing their driving data. The project leverages blockchain technology to create a decentralized mapping system where users contribute real-time traffic and road condition data.
Purpose and Utility
The primary utility of the NAVI token is to incentivize users to contribute driving data to the Atlas Navi ecosystem. Users earn tokens by driving with the app active, which collects anonymous road and traffic information. The tokens can be used within the platform's ecosystem or traded on exchanges.
Business Model Evaluation
The business model appears to be based on creating value through crowdsourced mapping data, which is inherently halal as it involves the exchange of valuable information for compensation. There is no evidence of impermissible activities like interest-bearing mechanisms or gambling features in the core protocol.
Development and Adoption
The project is in its early stages, with the mobile app available on both iOS and Android platforms. While user adoption metrics are limited, the development team appears to be actively working on the platform and expanding its features.
Token Distribution
The token distribution includes allocations for user rewards, development, and team members. While specific vesting details are not publicly available, there's no indication of concerning concentrations of tokens that would suggest a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in Atlas Navi 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 Atlas Navi.
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.
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