Alita
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in Alita 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 Alita.
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.