Dotmoovs
Crypto Overview
Project Overview
Dotmoovs is a blockchain-powered platform that aims to create a social competitive environment for sports and physical activities. The platform uses AI technology to analyze and score users' performance videos, allowing them to compete against each other in various sports challenges.
Utility Analysis
The MOOV token serves multiple purposes within the ecosystem: It's used for rewarding participants in challenges, purchasing NFTs representing achievements, and governance voting on platform decisions. Users can stake MOOV tokens to earn rewards and participate in the platform's economy.
Business Model Evaluation
The platform focuses on legitimate sports activities and competition, with no indication of gambling or forbidden activities. The revenue model is based on platform fees and the tokenization of sports achievements, which aligns with halal principles.
Development and Adoption
The project maintains active development with regular updates to their mobile app and AI scoring system. They have established partnerships with sports organizations and athletes, showing commitment to their stated purpose. The platform currently supports freestyle football and dance, with plans to expand to other sports.
Token Distribution
The token distribution includes allocations for ecosystem development, team, and community rewards. There are vesting schedules in place for team tokens, indicating commitment to long-term development rather than short-term gains.
Crypto Impact
To assign a comfort level investing in Dotmoovs 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 Dotmoovs.
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.