Melos Studio
Crypto Overview
Overview
Melos Studio is a blockchain-based music NFT platform that aims to connect musicians and fans through decentralized technology. The MELOS token serves as the native utility token of the ecosystem.
Purpose and Utility
The MELOS token is designed to facilitate transactions within the Melos Studio ecosystem, including: purchasing music NFTs, participating in governance decisions, accessing premium features, and rewarding content creators. Users can stake MELOS tokens to earn rewards from platform activities.
Business Model Analysis
The platform focuses on legitimate music industry activities, connecting artists with fans through NFT technology. The core business model involves facilitating direct artist-to-fan relationships and digital asset ownership, which aligns with Islamic principles of fair trade and transparent value exchange.
Real-World Adoption
The platform has demonstrated actual usage with multiple artists launching NFT collections and fans participating in the ecosystem. While adoption remains relatively modest, there is evidence of genuine utility through NFT sales and platform engagement.
Token Distribution
Based on available data, the token distribution appears relatively balanced between team, development, community, and ecosystem funds. Team tokens are subject to vesting periods, indicating commitment to long-term development.
Development Activity
The project maintains active development with regular updates to the platform and new feature releases. The team regularly communicates progress through official channels.
Crypto Impact
To assign a comfort level investing in Melos Studio 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 Melos Studio.
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.