CheersLand
Crypto Overview
Overview
CheersLand (CHEERS) appears to be a gaming and social networking platform built on blockchain technology. The project aims to create an ecosystem where users can engage in social activities, play games, and earn rewards.
Purpose and Utility
The stated purpose of CHEERS token is to serve as the native currency within the CheersLand ecosystem, enabling users to participate in platform activities, purchase in-game items, and receive rewards. However, due to limited publicly available information and apparent lack of recent development activity, it's challenging to verify the current state of implementation.
Business Model Analysis
The project's business model centers around gaming and social networking features. While gaming itself is not inherently haram when no gambling is involved, there is insufficient public information to fully assess whether specific game mechanics involve gambling elements.
Development and Adoption
Current development activity appears minimal based on public sources. The project's social media presence and community engagement seem limited.
Token Distribution
Detailed information about token distribution, vesting schedules, and current holder statistics is not readily available through public sources.
Crypto Impact
To assign a comfort level investing in CheersLand 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 CheersLand.
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.