Kephi Gallery
Crypto Overview
Project Overview
Kephi Gallery is a blockchain-based platform designed to facilitate NFT creation and trading. The platform aims to provide a marketplace for digital artists and collectors to mint, buy, and sell NFTs using the KPHI token as the primary medium of exchange.
Purpose and Utility
The KPHI token serves as the native currency for transactions within the Kephi Gallery ecosystem. It is used for purchasing NFTs, paying platform fees, and participating in platform governance. The token has actual utility within its ecosystem as it represents real ownership and facilitates genuine exchange of digital assets.
Business Model Analysis
The platform's business model centers around providing a marketplace for legitimate digital art trading. The core activities involve asset exchange and value creation through NFT minting and trading, which aligns with Islamic principles as it involves actual ownership transfer and utility.
Development and Adoption
The project shows ongoing development activity with regular updates to the platform. While adoption is still in early stages, this does not impact its Sharia compliance status. The platform focuses on legitimate art trading without involvement in prohibited activities.
Token Distribution
Token distribution information shows a balanced allocation between team, development fund, and public sale. There are vesting periods in place for team tokens, indicating commitment to long-term development.
Crypto Impact
To assign a comfort level investing in Kephi Gallery 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 Kephi Gallery.
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.