Hiblocks
Crypto Overview
Overview
Hiblocks is a blockchain-based social media platform and content creation ecosystem launched in South Korea. The project aims to reward content creators and users for their participation and engagement through their native HIBS token.
Purpose and Utility
The primary purpose of HIBS is to serve as the utility token within the Hiblocks ecosystem, enabling content monetization, rewards distribution, and governance participation. Users can earn HIBS tokens by creating and sharing content, engaging with posts, and participating in community activities.
Business Model Evaluation
The business model appears to focus on legitimate content creation and social media engagement. The platform does not explicitly facilitate any haram activities like gambling, interest-based lending, or adult content. The reward mechanism is based on actual value creation through content and community participation.
Development and Adoption
The project shows ongoing development activity, primarily focused on the Asian market. While specific adoption metrics are limited in public sources, the platform continues to operate and maintain its core functionalities.
Token Distribution and Governance
The token distribution information available shows a standard allocation pattern with tokens reserved for development, marketing, and community rewards. No concerning patterns in founder token holdings or vesting schedules have been identified that would suggest a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in Hiblocks 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 Hiblocks.
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.