Global Fan Token
Crypto Overview
Purpose and Utility
Global Fan Token (GLFT) appears to be a utility token designed to provide fans of various sports and entertainment entities with voting rights and access to exclusive content and experiences. However, due to the limited publicly available information and lack of verifiable on-chain data, it's challenging to confirm its actual implementation and usage.
Business Model Evaluation
The token's stated business model focuses on fan engagement and community participation, which in principle aligns with halal activities. The concept involves real utility through voting rights and access to experiences, rather than gambling or interest-based activities.
Real-World Adoption
Current adoption metrics and partnership details are not readily available in public sources, making it difficult to assess the actual implementation of the stated utility.
Platform Development
Information about the development team, roadmap progress, and technical implementation is limited in public sources.
Token Distribution and Founder Analysis
Details about token distribution, vesting schedules, and founder backgrounds are not readily available in public sources.
Technology Analysis
The token appears to be built on standard blockchain technology without any inherent mechanisms that would violate Islamic principles such as riba or gambling.
Crypto Impact
To assign a comfort level investing in Global Fan Token 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 Global Fan Token.
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.