Life
Crypto Overview
Project Overview
Life Token (LIFE) aims to be a decentralized blockchain platform focused on improving and saving lives through charitable initiatives. The project claims to facilitate donations and support various charitable causes through blockchain technology.
Purpose and Utility
The stated purpose of LIFE is to create a transparent charitable giving platform where token holders can participate in governance decisions regarding which causes to support. The project includes a reflection mechanism where a portion of each transaction is redistributed to holders and another portion is allocated to a charity wallet.
Business Model Assessment
The core business model revolves around facilitating charitable donations and creating a community-driven platform for supporting humanitarian causes. This aligns with Islamic principles of charitable giving (sadaqah). The redistribution mechanism and charity wallet are transparent and verifiable on the blockchain.
Development and Adoption
The project shows ongoing development activity, though adoption remains in early stages. The team maintains regular communication through social media and community channels. There is verifiable evidence of charitable donations being made through the platform.
Token Distribution
The token distribution appears relatively fair, with no excessive concentration in founder or team wallets. There are mechanisms in place to prevent large dumps through transaction limits and anti-whale measures.
Revenue Model
The project generates no interest-based revenue. The redistribution mechanism is based on transaction fees rather than lending or borrowing. All charitable activities are conducted in compliance with Islamic principles of giving.
Crypto Impact
To assign a comfort level investing in Life 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 Life.
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.