MANE
Crypto Overview
Overview
MANE is a cryptocurrency project built by MoneyLion Technologies Inc. that operates on the Polygon blockchain. It serves as a rewards token within the MoneyLion ecosystem, a digital financial services platform.
Purpose and Utility
The primary intended purpose of MANE is to serve as a rewards token for MoneyLion users. Users can earn MANE tokens through various activities within the MoneyLion app, such as making purchases, completing financial wellness tasks, and engaging with the platform's features. These tokens can then be used for various benefits within the ecosystem.
Business Model
The business model appears transparent and straightforward - MANE operates as part of MoneyLion's broader financial services ecosystem. The token's utility is clearly defined as a rewards mechanism, and there are no apparent elements of riba or gambling in its core functions.
Real-World Adoption
MANE has achieved practical implementation within the MoneyLion ecosystem, with real users earning and utilizing the tokens. The integration with MoneyLion's existing financial platform provides a clear path for adoption.
Token Distribution
MANE tokens are primarily distributed through the MoneyLion rewards program. The distribution method appears transparent and aligned with the token's stated utility purpose.
Crypto Impact
To assign a comfort level investing in MANE 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 MANE.
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.