BLOCKv
Crypto Overview
Overview and Purpose
BLOCKv is a blockchain platform that aims to create and distribute digital virtual objects called vAtoms, which are programmable digital objects that can be owned, shared, and traded. These digital assets can represent anything from virtual collectibles to real-world products and experiences.
Business Model and Utility
The VEE token serves as the native utility token of the BLOCKv platform, used for creating and trading vAtoms, as well as accessing platform services. The business model focuses on enabling brands and developers to create interactive digital experiences through virtual objects.
Real-World Adoption
While the project launched with significant partnerships including Heineken and Intel, current activity and development appear to have significantly decreased. The official website is no longer active, and there is minimal recent development activity visible on public repositories.
Platform Development
Development activity appears to have stalled, with limited recent updates to the platform's codebase. The ecosystem shows minimal signs of active development or maintenance.
Token Distribution and Governance
The initial token distribution included allocations for the team, advisors, and early investors. Due to the project's current state, detailed information about current token distribution and lock-up periods is difficult to verify.
Additional Considerations
The core technology and intended use cases do not involve inherently prohibited activities like gambling or interest-based lending. The platform was designed to facilitate legitimate digital asset creation and trading.
Crypto Impact
To assign a comfort level investing in BLOCKv 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 BLOCKv.
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.