LeisurePay
Crypto Overview
Purpose and Utility Assessment
LeisurePay (LPY) appears to be designed as a payment solution specifically targeting the adult entertainment industry. The project aims to provide payment processing services while attempting to reduce chargebacks and fraud in this sector.
Business Model Analysis
The core business model revolves around facilitating payments for adult entertainment services and content. This fundamental aspect of the project directly conflicts with Islamic principles as it explicitly serves and promotes an industry that is considered haram.
Development and Adoption
The project shows limited recent development activity and appears to have minimal current adoption. However, these factors are not relevant to the Sharia compliance assessment, as the primary concern is the intended use case and industry focus.
Token Distribution and Governance
While information about token distribution and governance structure is limited, these aspects are secondary to the main concern regarding the project's core business focus in a prohibited industry.
Crypto Impact
To assign a comfort level investing in LeisurePay 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 LeisurePay.
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.