Laqira Protocol
Crypto Overview
Overview
Laqira Protocol (LQR) is a cryptocurrency project that aims to create a decentralized ecosystem for gaming and NFTs. The protocol claims to focus on developing blockchain gaming infrastructure and NFT marketplace solutions.
Purpose and Utility
The stated purpose of LQR is to serve as the native token for the Laqira ecosystem, enabling transactions within their gaming platform and NFT marketplace. The token is designed to facilitate payments, rewards, and governance within their ecosystem.
Business Model Analysis
The business model appears to focus on legitimate blockchain gaming and NFT trading activities. These core functionalities do not inherently conflict with Islamic principles as they involve actual asset ownership and value exchange.
Development and Adoption
The project shows some development activity, though relatively modest compared to larger blockchain gaming platforms. While adoption appears limited at present, this is not relevant for Sharia compliance assessment.
Token Distribution and Governance
Available information about token distribution and governance structure is limited. The project operates on standard blockchain technology principles, with token holders having actual ownership of digital assets.
Crypto Impact
To assign a comfort level investing in Laqira Protocol 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 Laqira Protocol.
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.