HoDooi.com
Crypto Overview
Overview
HoDooi.com is a multi-chain NFT marketplace platform that launched in 2021. The HOD token serves as the native utility token of the HoDooi ecosystem, used for governance, staking, and marketplace transactions.
Purpose and Utility
The intended purpose of HOD tokens is to facilitate transactions within the HoDooi NFT marketplace, provide governance rights to token holders, and enable staking rewards. Token holders can participate in platform decisions and receive discounts on marketplace fees.
Business Model Evaluation
The core business model revolves around NFT trading and marketplace operations. The platform charges fees on NFT transactions, with HOD token holders receiving discounts. The basic marketplace functionality aligns with halal principles as it facilitates genuine asset exchange.
Real-World Adoption
The platform has seen limited adoption since its launch. While the marketplace is operational, trading volumes and user activity remain relatively low compared to major NFT platforms.
Development Activity
Development activity appears to have slowed significantly since 2022, with limited recent updates to the platform or ecosystem. The project's social media channels and community engagement have also shown reduced activity.
Crypto Impact
To assign a comfort level investing in HoDooi.com 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 HoDooi.com.
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.