MODA DAO

Halal Rating :
Comfortable
Last Price $0.042 Last updated:
Rank 9844
1D Change 0.00 %
Market Cap -
Circulating supply 0
Maximum supply 10,000,000

Crypto Overview

Categories
  • Music
  • Ethereum Ecosystem
  • Polygon Ecosystem
  • Fantom Ecosystem

Overview

MODA DAO is a decentralized technology network focused on creating sustainable economies for music and the arts through Web3 technologies. The MODA token serves as both a governance and utility token within their ecosystem.

Purpose and Utility

The token's primary purposes include: Governance rights for the MODA DAO, access to the platform's services and tools, and rewards distribution for network participants. The project aims to create new revenue streams for artists through blockchain technology.

Business Model Analysis

The platform focuses on legitimate business activities in the music and creative industries. Their core operations involve creating infrastructure for digital music rights management, NFT creation, and artist collaboration tools - all of which align with halal business principles.

Real-World Adoption

The project has established partnerships with various music industry entities and continues to develop its ecosystem. While adoption remains in early stages, the platform shows genuine development activity and real-world implementation of its stated use cases.

Token Distribution

The token distribution includes allocations for ecosystem development, community rewards, and team members with standard vesting periods. There are no concerning patterns in the distribution model that would suggest a scheme to enrich founders.

Development Activity

The project maintains active development on their platform and regularly updates their community on progress. Their GitHub repositories show consistent activity, indicating genuine technological development rather than just marketing.

Crypto Impact

To assign a comfort level investing in MODA DAO 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 MODA DAO.

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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