FIGHT
Crypto Overview
Project Overview
Fight Club (FIGHT) is a Web3 project launched in 2023 that aims to create a decentralized ecosystem for combat sports. The project includes plans for NFT collectibles representing fighters, fight predictions, and digital memorabilia from combat sports events.
Purpose and Utility
The primary stated purpose of FIGHT is to serve as a utility token within the Fight Club ecosystem, enabling users to purchase NFTs, access exclusive content, and participate in the platform's governance. The token is currently mainly used for trading on decentralized exchanges.
Business Model Analysis
The project's business model centers around creating a decentralized marketplace for combat sports-related digital assets. While the core concept of trading digital assets is permissible, some planned features like fight prediction markets could potentially raise concerns from a Shariah perspective.
Development and Adoption
The project is in its early stages with limited real-world adoption. The development team maintains regular updates on social media and their documentation suggests ongoing technical development.
Token Distribution
Token distribution information shows a significant portion allocated to the development team and early investors, with vesting periods in place to prevent immediate selling.
Crypto Impact
To assign a comfort level investing in FIGHT 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 FIGHT.
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.