Luna by Virtuals
Crypto Overview
Overview
LUNA by Virtuals is a cryptocurrency token launched in 2024. It appears to be a new project that should not be confused with the previous Terra LUNA token that collapsed in 2022.
Project Analysis
Purpose and Utility: Based on available information, this token appears to be marketed primarily as a speculative trading asset on decentralized exchanges. No clear technological utility or use case has been publicly documented.
Business Model: The project's business model and technical documentation are not publicly available, making it difficult to evaluate its alignment with Islamic principles. The lack of transparency around the project's fundamentals is concerning.
Development Activity: There is minimal public evidence of active development or a technical roadmap. The project's GitHub repositories, if they exist, are not readily accessible.
Token Distribution: Information about token distribution, vesting schedules, and founder allocations is not publicly available. This lack of transparency makes it impossible to evaluate the fairness of token distribution.
Crypto Impact
To assign a comfort level investing in Luna by Virtuals 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 Luna by Virtuals.
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.