FONE
Crypto Overview
Project Overview
FONE is the native token of MetaPhone, a Web3 mobile network protocol that aims to provide decentralized mobile and data services. The project intends to create a blockchain-based mobile network where users can earn rewards for sharing their unused mobile data.
Intended Utility
The FONE token serves multiple purposes within the ecosystem: governance rights for protocol decisions, rewards for network participants who share their data, and payment for mobile services within the network.
Real-World Adoption
The project is in its early stages, with limited real-world adoption currently. Development activity appears to be ongoing, with regular GitHub updates and technical documentation releases.
Token Distribution
The token distribution includes allocations for development (30%), ecosystem growth (25%), team and advisors (20%), and public sale (25%). Team tokens are subject to a 2-year vesting period with a 6-month cliff.
Business Model Analysis
The core business model revolves around creating a decentralized mobile network infrastructure, which aligns with Islamic principles as it provides clear utility and involves the exchange of real services. The project does not involve interest-based lending or gambling mechanisms.
Development Activity
The project maintains active development with regular updates to its core protocol. The team publishes frequent technical updates and maintains transparency in their development process.
Crypto Impact
To assign a comfort level investing in FONE 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 FONE.
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.
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You can change your vote if you change your mind.