Etherland
Crypto Overview
Overview
Etherland is a blockchain-based platform launched in 2021 that aims to create a decentralized registry of real-world places and locations, utilizing NFTs and blockchain technology. The ELAND token serves as the native utility token of the platform.
Purpose and Utility
The primary stated purpose of ELAND is to serve as a utility token within the Etherland ecosystem, enabling users to: Create and manage digital land registries, Participate in platform governance, Access premium features and services, Pay for transaction fees within the platform.
Business Model Analysis
The business model appears focused on creating a decentralized mapping and land registry system. The core activities involve: Digital representation of physical locations through NFTs, Integration of location data with blockchain technology, Community-driven mapping and verification processes.
Development and Adoption
The project shows ongoing development activity, though at a moderate pace. The platform has launched its basic features including the NFT marketplace and mapping interface. Real-world adoption remains limited but is growing gradually through partnerships with various real estate and mapping entities.
Token Distribution
The token distribution appears relatively balanced, with allocations spread across development, marketing, team, and community initiatives. Vesting schedules are in place for team tokens, showing some consideration for long-term alignment.
Crypto Impact
To assign a comfort level investing in Etherland 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 Etherland.
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.