Alita

Overview

Alita is a cryptocurrency project launched in 2023 based on the Arbitrum blockchain network. The project bills itself as a decentralized marketplace protocol focused on gaming assets and NFTs.

Purpose and Utility

The stated purpose of ALME is to serve as the primary utility and governance token for the Alita ecosystem. Token holders can use ALME for marketplace transactions, voting on protocol changes, and accessing platform features.

Business Model Analysis

The project aims to facilitate peer-to-peer trading of gaming assets and NFTs. This core functionality aligns with halal principles as it involves genuine exchange of digital assets. The marketplace takes small fees from transactions to sustain operations.

Development and Adoption

Development activity appears to be ongoing based on GitHub repositories and regular updates. While still in early stages, the project has launched its initial marketplace features. Current usage metrics show moderate trading volume but limited overall adoption.

Token Distribution

Initial token distribution allocated 40% to public sale, 20% to team (with 2-year vesting), 15% to development fund, 15% to marketing, and 10% to strategic partnerships. The vesting schedule for team tokens suggests some protection against immediate selling.

Revenue Model Review

The primary revenue streams come from marketplace transaction fees and NFT trading royalties. These mechanisms involve direct exchange of value and do not rely on interest-bearing activities or gambling.