HyperOne
Crypto Overview
Project Overview
HyperOne (HOT) is a blockchain infrastructure project that aims to create a comprehensive ecosystem for decentralized applications and services. The project was launched in late 2023 and is based in Dubai.
Intended Purpose
HyperOne positions itself as a platform for building and deploying decentralized applications with a focus on enterprise solutions. The ecosystem includes native DeFi capabilities, cross-chain bridges, and tools for developers.
Current Utility
The project is still in early development stages, with limited real-world adoption. The primary current use of HOT tokens appears to be for governance voting and ecosystem participation.
Business Model Analysis
The core business model involves providing blockchain infrastructure services and tools for enterprise adoption. The project does not appear to involve any inherently haram activities like interest-based lending or gambling.
Development Activity
There is observable development activity on the project's GitHub repositories, though at a moderate pace. The team regularly provides updates through official channels about technical progress.
Token Distribution
Based on available data, the token distribution appears reasonably balanced: 30% for public sale, 20% for ecosystem development, 15% for team (with vesting), 20% for treasury, and 15% for partnerships and marketing.
Ecosystem Compliance
The project's infrastructure and tools do not explicitly facilitate any haram activities. The governance mechanisms and utility features align with Islamic principles of fair exchange and transparency.
Crypto Impact
To assign a comfort level investing in HyperOne 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 HyperOne.
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.