Hudi
Crypto Overview
Background
HUDI is a cryptocurrency token launched on the Binance Smart Chain. The token aims to serve as a utility token within the Hudiverse ecosystem, which is intended to be a marketplace for NFTs and digital collectibles.
Intended Purpose and Current Usage
The stated purpose of HUDI is to facilitate transactions within the Hudiverse ecosystem, including NFT purchases and trading. The token is also meant to provide governance rights to holders, allowing them to participate in protocol decisions.
Business Model Analysis
The project's business model centers around creating a marketplace for digital assets, primarily NFTs. This core functionality aligns with halal principles as it involves the legitimate exchange of digital assets. There is no evidence of the platform facilitating any haram activities such as gambling or interest-based lending.
Development and Adoption
The project shows limited development activity on public repositories. While the token is listed on several decentralized exchanges, the actual usage of the platform for its intended NFT marketplace purpose appears to be minimal at present.
Token Distribution and Governance
Information about token distribution and vesting schedules is limited in public documentation. The token does implement basic governance features allowing holders to participate in protocol decisions.
Crypto Impact
To assign a comfort level investing in Hudi 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 Hudi.
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.