Grom
Crypto Overview
Overview
GROM token is the native cryptocurrency of Grom Social, a social media platform designed specifically for children under 13 years old, with built-in parental controls and monitoring features. The platform aims to provide a safe digital environment for children while maintaining COPPA compliance.
Purpose and Utility
The token is intended to be used within the Grom Social ecosystem for:
- Rewarding content creators on the platform
- Purchasing digital items and features within the platform
- Accessing premium features and content
- Governance participation in platform decisions
Business Model Analysis
The business model appears to focus on creating a safe social media environment for children, which aligns with Islamic principles of protecting minors and promoting beneficial social interaction. The platform generates revenue through premium subscriptions and digital item sales, avoiding interest-based income or prohibited activities.
Development and Adoption
The project shows ongoing development activity, with regular updates to the platform and its features. While adoption metrics are limited, this does not impact its Sharia compliance status.
Token Distribution
Token distribution information shows a reasonable allocation between development, marketing, and community initiatives. Vesting schedules are in place for team tokens, indicating a long-term commitment to the project.
Crypto Impact
To assign a comfort level investing in Grom 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 Grom.
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.