Degods
Crypto Overview
Overview
DeGods is an NFT collection and associated token on the Solana blockchain that later migrated to the Ethereum network. The DEGOD token serves as a governance and utility token within the DeGods ecosystem.
Purpose and Utility
The project's stated purpose is to provide utility and governance rights to DeGods NFT holders. The token enables holders to participate in community decisions and access exclusive features within the ecosystem.
Business Model
The project operates primarily through NFT sales and community-driven initiatives. The ecosystem includes NFT staking, governance participation, and access to exclusive content and events. The business model appears transparent and doesn't involve prohibited activities like gambling or interest-based lending.
Real-World Adoption
The project has shown significant adoption within the NFT space, with active trading and community participation. The migration to Ethereum has expanded its reach and accessibility.
Token Distribution and Development
The token distribution appears relatively fair, with no concerning concentration in founder wallets. The project maintains active development and community engagement.
Revenue Model
Revenue is primarily generated through NFT sales and trading fees, which align with Islamic principles as they represent actual value exchange.
Crypto Impact
To assign a comfort level investing in Degods 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 Degods.
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.