Jackpot
Crypto Overview
Overview
Jackpot (777) is a cryptocurrency project that aims to combine gaming and decentralized finance. The project launched in 2023 on the Ethereum blockchain.
Purpose and Utility
The stated purpose of Jackpot is to provide a token that can be used within their planned gaming ecosystem. However, at present, the token appears to primarily serve as a speculative trading vehicle with no implemented utility.
Business Model Evaluation
The project's whitepaper and marketing materials heavily emphasize gambling-related terminology and mechanics. The planned features include slot machine-style games and betting mechanisms that would constitute gambling under Islamic principles.
Development and Adoption
On-chain analysis shows minimal development activity. No significant partnerships or real-world applications have been implemented. The token primarily exists on decentralized exchanges for trading purposes.
Token Distribution
A significant portion of tokens appears to be concentrated among a small number of wallets, with no transparent vesting schedule or lock-up periods publicly available.
Crypto Impact
To assign a comfort level investing in Jackpot 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 Jackpot.
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.