Dvision Network

Halal Rating :
Questionable
Last Price $0.01 Last updated:
Rank 1089
1D Change -2.13 %
Market Cap $11.09m
Circulating supply 804,996,290
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • Collectibles & NFTs
  • Gaming
  • Ethereum Ecosystem
  • Metaverse
  • MVB
  • Injective Ecosystem
  • BNB Chain

Overview

Dvision Network is a blockchain-based NFT metaverse platform built on Ethereum that aims to provide a virtual reality ecosystem where users can create, trade and monetize content. The project utilizes the DVI token as its native cryptocurrency for governance and transactions within its metaverse.

Intended Utility

The DVI token is designed to serve multiple functions within the Dvision ecosystem: governance rights for protocol decisions, staking rewards, payment for virtual land and NFT assets, and access to premium features. The platform focuses on creating an immersive metaverse experience with virtual reality integration.

Actual Utility Assessment

Current usage appears limited compared to the stated ambitions. While the platform has launched basic metaverse functionality and NFT features, adoption metrics and active user numbers remain relatively low. Development activity shows regular updates but at a modest pace.

Token Distribution Analysis

The token distribution raises some concerns: A significant portion was allocated to the team and early investors, though there are vesting schedules in place. The circulating supply represents only a portion of the total supply, with large unlocks scheduled over time.

Business Model Evaluation

The core business model focuses on creating a virtual world marketplace and ecosystem, which aligns with Islamic principles as it involves actual asset exchange and value creation. No direct involvement in prohibited activities has been identified.

Crypto Impact

To assign a comfort level investing in Dvision 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 Dvision 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”.

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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

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Justification for our Halal Rating