KicksPad
Crypto Overview
Overview
KicksPad is a crypto project that aims to serve as a launchpad platform for Web3 sneaker and fashion projects. The project's native token KICKS is designed to provide utility through governance rights and access to exclusive launches on the platform.
Purpose and Utility
The intended purpose of KICKS token is to provide holders with access to early-stage sneaker and fashion-related project launches, NFT drops, and voting rights in the KicksPad ecosystem. Token holders can participate in the governance of the platform and get priority access to new launches.
Business Model Analysis
The business model involves facilitating the launch of fashion-related blockchain projects and NFTs. The platform operates on a transparent basis where projects are vetted before being allowed to launch. There is no evidence of involvement in gambling, interest-based activities, or other prohibited industries.
Development and Adoption
The project is in its early stages with limited but growing adoption. The development team appears to be actively working on the platform infrastructure and building partnerships within the Web3 fashion space.
Token Distribution
Token distribution shows a relatively balanced allocation between team, investors, and community. There are vesting schedules in place for team and advisor tokens to prevent early dumping.
Revenue Model
The platform generates revenue through launch fees and partnership agreements, which are halal business activities as they involve clear value exchange and don't rely on interest or gambling mechanisms.
Crypto Impact
To assign a comfort level investing in KicksPad 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 KicksPad.
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.