Highstreet
Crypto Overview
Overview
Highstreet is a metaverse project that aims to blend retail shopping experiences with gaming and virtual reality. The HIGH token serves as the native currency within the Highstreet metaverse ecosystem.
Purpose and Utility
The HIGH token is designed to facilitate transactions within the Highstreet metaverse, including: purchasing virtual real estate, buying digital assets and NFTs, accessing exclusive content and experiences, and governing platform decisions. The token has real utility in enabling commerce and transactions within the virtual world.
Business Model Analysis
The platform focuses on creating a bridge between real-world retail brands and the metaverse, allowing users to shop for both physical and digital goods. The business model appears transparent and doesn't involve any inherently prohibited activities like gambling or interest-based lending.
Adoption and Usage
Highstreet has established partnerships with several retail brands and continues to develop its metaverse infrastructure. While adoption is still in early stages, the project shows legitimate development activity and real-world use cases.
Token Distribution and Governance
The token distribution includes allocations for development, marketing, and community initiatives. While there is a portion reserved for the team and advisors, it follows standard industry practices with appropriate vesting schedules.
Technology and Development
The project maintains active development of its metaverse platform and continues to expand its features and capabilities. The focus appears to be on creating genuine utility rather than merely driving token value.
Crypto Impact
To assign a comfort level investing in Highstreet 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 Highstreet.
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.