Howl City
Crypto Overview
Project Overview
Howl City (HWL) is a cryptocurrency project that aims to create a decentralized ecosystem for content creators and their communities. The project includes an NFT marketplace and social media features designed to empower creators to monetize their content and engage with their audience.
Utility Analysis
The primary utility of HWL tokens includes: platform governance rights, NFT marketplace transaction fees, creator rewards, and access to exclusive content. Based on current blockchain data and community activity, the token is primarily being used for its intended purposes within the ecosystem.
Business Model Evaluation
The project's business model appears to be focused on legitimate value creation through digital content marketplace operations and community engagement tools. No evidence was found of involvement in prohibited activities like gambling, interest-based lending, or adult content.
Development Activity
The project shows regular technical updates and improvements to their platform infrastructure, with verifiable GitHub activity. The development team maintains consistent communication about project milestones and technical progress.
Token Distribution
Token distribution appears reasonable with: 30% allocated to ecosystem development, 25% to the team (with a 2-year vesting period), 20% for community rewards, 15% for liquidity, and 10% for marketing. The vesting schedule for team tokens suggests a long-term commitment to the project.
Crypto Impact
To assign a comfort level investing in Howl City 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 Howl City.
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.