Hitmakr
Crypto Overview
Project Overview
Hitmakr (HMKR) is a blockchain-based platform that aims to facilitate music creation and distribution. The project intends to connect music producers with artists and provide a decentralized marketplace for beats, samples, and music collaboration.
Purpose and Utility
The primary stated purpose of HMKR tokens is to serve as the native currency within the Hitmakr ecosystem. Users can purchase beats, samples, and music production services using HMKR tokens. The token also provides governance rights, allowing holders to participate in platform decisions.
Business Model Analysis
The project's business model appears to focus on legitimate commercial activities within the music industry. There are no apparent connections to prohibited activities like gambling, interest-based lending, or adult content. The platform aims to facilitate direct trade between music creators and consumers.
Current Adoption and Usage
As of the latest available data, the project is in its early stages of development. While the platform has launched its basic functionalities, adoption metrics and user engagement data are limited. The development team maintains regular updates on their progress through their official channels.
Token Distribution
The token distribution appears reasonable with appropriate vesting schedules for team members and early investors. There are no immediate red flags regarding excessive concentration of tokens among founders or concerning selling patterns.
Crypto Impact
To assign a comfort level investing in Hitmakr 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 Hitmakr.
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.
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