MAPS
Crypto Overview
Overview
MAPS (Maps.me Token) is a cryptocurrency associated with Maps.me, a popular offline mapping application. The token was launched to introduce DeFi features into the Maps.me ecosystem, which has over 140 million users worldwide.
Purpose and Utility
The primary intended purpose of MAPS is to serve as a governance and utility token within the Maps.me ecosystem. Token holders can participate in governance decisions and access various features within the platform. The token is designed to facilitate transactions within the Maps.me application, including bookings for travel services and payments at participating merchants.
Business Model and Implementation
The business model integrates cryptocurrency functionality into an existing mapping application. The platform aims to provide travel services, payments, and DeFi features to its user base. While the mapping application continues to function and maintain its userbase, the cryptocurrency integration appears to have limited adoption.
Development Activity
The project shows ongoing development activity, though at a moderate pace. The team continues to maintain the Maps.me application and work on implementing cryptocurrency features.
Token Distribution
The token distribution includes allocations for the team, development, and community initiatives. There are vesting schedules in place for team tokens, which helps align long-term incentives.
Additional Considerations
The core mapping service provides clear utility and value to users. The cryptocurrency component aims to enhance this existing utility rather than replace it. The project does not involve inherently prohibited activities like gambling or interest-based lending.
Crypto Impact
To assign a comfort level investing in MAPS 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 MAPS.
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.