Freela
Crypto Overview
Purpose and Utility
Freela aims to serve as a decentralized freelance marketplace platform, connecting freelancers with clients while using FREL tokens as the primary medium of exchange for services. The platform intends to reduce intermediary fees and provide a more efficient payment system for the global freelance economy.
Business Model Analysis
The business model centers around facilitating legitimate freelance transactions and marketplace operations. The platform charges minimal fees for transactions, which are collected in FREL tokens. This model aligns with halal principles as it involves the exchange of real services and value.
Real-World Adoption
The platform is in its early stages of development, with ongoing efforts to build the marketplace infrastructure. While current usage is limited, this doesn't affect its sharia compliance status as the underlying business model is halal.
Platform Development
The project maintains an active GitHub repository with regular commits, indicating ongoing development work. The team regularly provides updates through their official channels about platform development progress.
Token Distribution
Initial token distribution allocates 30% to the development team with a 24-month vesting period, 40% for the ecosystem and rewards, and 30% for public sale. The vesting schedule appears designed to align long-term incentives.
Crypto Impact
To assign a comfort level investing in Freela 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 Freela.
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.