Busy DAO
Crypto Overview
Purpose and Utility
BUSY is the native token of Busy DAO, originally created to incentivize content creation and curation on the Hive blockchain. The token was designed to reward users who contribute to and curate content on the Busy.org platform, which was a social media interface for the Hive blockchain.
Business Model Assessment
The business model was fundamentally based on content creation and social media engagement rewards, which aligns with halal principles as it involves the exchange of value for actual services (content creation and curation). There were no inherent interest-bearing mechanisms or gambling elements in its core design.
Current Status
As of 2024, the Busy.org platform appears to be inactive, and there is minimal verifiable information about current development or usage of the BUSY token. The project's original GitHub repositories show no recent activity, and the main website is no longer operational.
Platform Activity
There is currently no significant development activity that can be verified. The token appears to have very limited trading volume on decentralized exchanges.
Crypto Impact
To assign a comfort level investing in Busy DAO 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 Busy DAO.
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.