Delphy
Crypto Overview
Purpose and Intended Use
Delphy was created as a predictive markets and forecasting platform built on the Ethereum blockchain. The DPY token was designed to serve as the platform's native currency for creating and participating in prediction markets.
Business Model Analysis
The platform's core functionality revolves around prediction markets, which are effectively betting mechanisms. Users can create markets to predict outcomes of events and stake DPY tokens on their predictions. This model inherently involves gambling-like activities where users can lose their entire stake based on event outcomes.
Real-World Adoption
Research indicates extremely limited current usage of the Delphy platform. The project appears to have minimal recent development activity and very low trading volumes.
Platform Development
The project's development appears to have stagnated, with little to no recent updates to the platform or meaningful ecosystem growth.
Crypto Impact
To assign a comfort level investing in Delphy 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 Delphy.
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.