LUCA
Crypto Overview
Overview
LUCA is a cryptocurrency that aims to serve as a decentralized protocol for gaming and metaverse applications. The project is built on the Ethereum blockchain.
Purpose and Utility
The stated purpose of LUCA is to provide a utility token for gaming and metaverse applications, with features including NFT creation and trading, in-game currency, and governance rights for the LUCA ecosystem.
Business Model Analysis
The project's business model appears to focus on legitimate gaming and metaverse utility cases. There is no evidence of involvement in prohibited activities like gambling, interest-based lending, or adult content.
Development and Adoption
The project shows ongoing development activity, though currently at a relatively early stage. While adoption is limited, this is not inherently problematic from a Shariah compliance perspective.
Token Distribution
Based on available data, the token distribution appears reasonable with appropriate vesting schedules for team members and early investors. There are no immediate red flags regarding token allocation that would suggest a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in LUCA 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 LUCA.
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.