Maricoin
Crypto Overview
Project Overview
Maricoin was announced in late 2021 as a cryptocurrency project targeting the LGBTQ+ community. The project claimed it would create a monetary system and marketplace specifically designed for this community.
Purpose and Utility
The stated purpose was to create a payment system and marketplace for LGBTQ+-friendly businesses. However, after thorough research, there appears to be no active development, functioning marketplace, or significant adoption of the token.
Business Model Assessment
The project's whitepaper and technical documentation are not readily available. There is no clear evidence of a working product or active development team. The project's social media accounts and official channels have been inactive since early 2022.
Real-World Adoption
There is no verifiable data about actual adoption or usage. The token does not appear to be listed on any major cryptocurrency exchanges, and there is no evidence of active trading or real-world implementation.
Development Activity
There is no visible development activity or updates since the initial announcement. The project's GitHub repository, if it exists, is not publicly accessible.
Token Distribution
Information about token distribution, vesting schedules, and founder allocations is not publicly available. This lack of transparency regarding tokenomics is concerning from a due diligence perspective.
Crypto Impact
To assign a comfort level investing in Maricoin 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 Maricoin.
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.