milestoneBased
Crypto Overview
Overview
MilestoneBased (MILE) is a cryptocurrency project that aims to provide a platform for milestone-based project funding and development tracking. The project appears to be in early stages with limited publicly available information.
Purpose and Utility
The stated purpose is to create a decentralized platform where project funding is released based on achieving specific milestones, bringing transparency to project development and funding. However, current real-world usage data is extremely limited.
Business Model Analysis
The core concept of milestone-based funding aligns with Islamic principles of transparency and fair business practices. The model does not inherently involve any prohibited activities like interest-based lending or gambling.
Development Activity
Based on available data, development activity appears minimal. The project's public presence and documentation are limited, making it difficult to fully assess the current state of development.
Token Distribution
Detailed information about token distribution, vesting schedules, and founder allocations is not readily available, which limits our ability to assess the fairness of token distribution.
Crypto Impact
To assign a comfort level investing in milestoneBased 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 milestoneBased.
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.