coolcat
Crypto Overview
Overview
Cool Cat (COOL) is a governance token for the Cool Cat NFT ecosystem, launched in 2021. The token provides utility through governance rights over the Cool Cat DAO and access to exclusive features within the Cool Cat gaming universe.
Intended Purpose
The COOL token was designed to serve as the primary currency and governance mechanism within the Cool Cat ecosystem, enabling holders to participate in protocol decisions and access various gaming features.
Business Model & Current Usage
The token operates primarily in the gaming and NFT sectors, with clear utility in governance and gaming rewards. The project maintains transparency in its operations and does not involve any inherently prohibited activities like gambling or interest-based lending.
Real-World Adoption
The token shows active usage within its ecosystem, particularly in the Cool Cat gaming platform and for governance voting. While adoption remains relatively niche, this does not affect its Sharia compliance status.
Development Activity
The project maintains regular development updates and has an active community. The team consistently delivers on roadmap items, particularly in gaming features and ecosystem expansion.
Token Distribution
Token distribution appears reasonably balanced between team, community, and ecosystem development. Vesting schedules are in place for team allocations, indicating commitment to long-term development.
Crypto Impact
To assign a comfort level investing in coolcat 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 coolcat.
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.