BitBall
Crypto Overview
Overview and Purpose
BitBall is a cryptocurrency created as a gaming and digital entertainment token. The project claims to focus on gaming applications and sports betting platforms.
Utility Assessment
The primary stated use case of BitBall appears to be focused on gambling and betting applications. The token is primarily used for betting and gambling-related activities within its ecosystem.
Platform Development and Adoption
The project shows limited recent development activity. Most of the token's current usage appears to be concentrated in betting and gambling-related applications.
Business Model Analysis
The core business model revolves around facilitating betting and gambling activities, which are fundamentally problematic from an Islamic finance perspective as they constitute games of chance and zero-sum transactions.
Token Distribution and Governance
Token distribution information is available but not particularly relevant to the halal assessment given the fundamental nature of the project's activities.
Crypto Impact
To assign a comfort level investing in BitBall 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 BitBall.
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.