BeforeCoinMarketCap
Crypto Overview
Project Overview
BeforeCoinMarketCap (BCMC1) is a cryptocurrency project that aims to provide a platform for listing and tracking new cryptocurrency projects before they are listed on major platforms like CoinMarketCap. The platform includes features for project discovery, tracking, and analytics.
Intended Utility
The BCMC1 token serves as the native token of the BeforeCoinMarketCap ecosystem. Its primary utilities include: governance rights for platform decisions, access to premium features and early project listings, and serving as a medium of exchange within the platform's ecosystem.
Business Model Analysis
The platform's core business model revolves around providing information and analytics services for early-stage cryptocurrency projects. This model aligns with halal principles as it provides genuine utility through information services and does not involve prohibited activities like interest-based lending or gambling.
Development and Adoption
The project maintains active development, with regular updates to its platform and services. While adoption metrics are limited, this is not a concern for Sharia compliance purposes.
Token Distribution and Governance
The token distribution appears to follow standard practices with allocated portions for development, marketing, and community initiatives. While detailed vesting schedules are not publicly available, this doesn't impact the Sharia compliance assessment.
Crypto Impact
To assign a comfort level investing in BeforeCoinMarketCap 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 BeforeCoinMarketCap.
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.