LikeCoin
Crypto Overview
Purpose and Utility
LikeCoin is a blockchain-based project focused on content creation and digital publishing. It aims to create a decentralized publishing infrastructure that enables proper attribution and rewards for content creators through their 'Like' system. The project uses the Cosmos SDK and operates on its own blockchain.
Business Model Analysis
The business model centers around content creation, attribution, and fair compensation for creators. The platform includes features like: Writing NFT - allowing content creators to mint their works as NFTs, Decentralized Publishing - enabling content distribution without central control, and Creator rewards through the 'Like' system. These activities align with halal principles as they involve legitimate value exchange and content creation.
Real-World Adoption
The ecosystem shows active usage primarily in Hong Kong and parts of Asia. It has partnerships with several publishing platforms and media organizations. The project maintains integration with WordPress and other publishing platforms, demonstrating practical implementation of its stated utility.
Development Activity
The project shows consistent development activity on GitHub, with regular updates to its core protocol and associated tools. The team maintains active development of the LikeCoin chain and continues to expand its ecosystem of decentralized publishing tools.
Token Distribution and Governance
LikeCoin operates through a decentralized autonomous organization (DAO) structure, with token holders participating in governance decisions. The token distribution appears reasonable, with no concerning concentration among founders or early investors.
Crypto Impact
To assign a comfort level investing in LikeCoin 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 LikeCoin.
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.