Crypto Sports Network
Crypto Overview
Project Overview
Crypto Sports Network (CSPN) is a cryptocurrency project that aimed to create a decentralized ecosystem for sports betting and gaming. The project appears to be inactive, with no significant development or community activity in recent years.
Intended Purpose
The stated purpose was to provide a platform for sports betting and gaming using blockchain technology. The token was meant to be used for betting transactions and rewards within their ecosystem.
Business Model Analysis
The core business model centered around sports betting and gambling activities, which are inherently problematic from an Islamic perspective as they constitute games of chance (maysir).
Real-World Adoption
The project shows minimal to no current adoption. Trading volumes are extremely low, and there is no evidence of active development or genuine utility implementation.
Platform Development
Development appears to have ceased. The project's social media accounts and communication channels are inactive, suggesting abandonment of the initial goals.
Token Distribution and Governance
Information about token distribution and governance structure is limited, but the primary intended use case remains focused on gambling activities.
Crypto Impact
To assign a comfort level investing in Crypto Sports Network 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 Crypto Sports Network.
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.