HollyGold
Crypto Overview
Purpose and Utility
HollyGold (HGOLD) is a cryptocurrency project that aims to bridge the entertainment industry with blockchain technology. The project's stated purpose is to provide a platform for entertainment content distribution, NFT marketplace for movie and entertainment assets, and a payment solution for the entertainment industry.
Business Model Assessment
The project primarily focuses on legitimate entertainment industry applications, avoiding prohibited activities like gambling or interest-based services. The business model appears to be based on facilitating entertainment industry transactions and content distribution.
Real-World Adoption
Current adoption appears limited, with minimal verifiable partnerships or significant usage in the entertainment industry. The token primarily sees trading activity on cryptocurrency exchanges.
Platform Development
Development activity appears sporadic based on public repositories and updates. The project has announced various features and partnerships, but implementation progress is difficult to verify.
Token Distribution
Information about token distribution and vesting schedules is limited in public documentation. The project's tokenomics and founder allocation details are not readily accessible.
Crypto Impact
To assign a comfort level investing in HollyGold 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 HollyGold.
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.