Moeda Loyalty Points
Crypto Overview
Project Overview
Moeda Loyalty Points (MDA) was launched in 2017 as a token designed to facilitate a blockchain-based banking platform focused on providing financial services to underserved entrepreneurs, particularly in developing regions. The project aimed to create a digital banking ecosystem that would enable microfinancing and support sustainable projects.
Intended Utility
The MDA token was meant to serve as a utility token within the Moeda ecosystem, primarily for: Supporting microcredit operations, Facilitating cross-border transactions, Providing governance rights to token holders, and Incentivizing sustainable business practices.
Current Status and Development
Recent analysis shows minimal development activity on the project. The official website is no longer accessible, and there is very limited current information about ongoing operations or developments. Trading volumes are extremely low, and there is no evidence of significant real-world adoption of the intended use cases.
Business Model Analysis
While the original business model aimed to provide financial services in a way that could potentially align with Islamic principles (particularly if lending was done as an act of charity), the current state of the project shows no clear evidence of active operations or utility.
Token Distribution and Governance
Information about current token distribution and governance mechanisms is not readily available, which raises transparency concerns. The project appears to be largely inactive, with no recent updates or communications from the development team.
Crypto Impact
To assign a comfort level investing in Moeda Loyalty Points 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 Moeda Loyalty Points.
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.