MileVerse
Crypto Overview
Overview
MileVerse is a blockchain-based platform that aims to convert and utilize various mileage and point systems. The project was created to solve the problem of fragmented loyalty points systems by allowing users to convert and spend different types of mileage points through a unified platform.
Utility Analysis
The primary utility of MVC tokens includes: Serving as the platform's native currency for point conversion and purchases, governance participation rights for token holders, and rewards for platform usage. The token has real utility in facilitating the exchange of loyalty points.
Business Model Evaluation
The business model appears legitimate and transparent, focused on the loyalty points market. The project generates revenue through transaction fees and partnerships with merchants and loyalty program providers. No evidence was found of involvement in prohibited activities like gambling or interest-based lending.
Development Activity
The project maintains active development, with regular updates to their platform and mobile application. The team has established partnerships with various merchants and loyalty programs in South Korea.
Token Distribution
While detailed token distribution information is limited in public sources, there is no evidence of concerning concentration of tokens or questionable vesting schedules that would indicate a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in MileVerse 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 MileVerse.
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.
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