MusicN
Crypto Overview
Purpose and Utility
MusicN (MINT) is a cryptocurrency designed to power a music streaming and NFT platform. The project aims to create a decentralized ecosystem where artists can tokenize their music, fans can invest in music rights, and users can stream content.
Business Model Analysis
The platform's business model appears to focus on legitimate music industry activities, including content streaming, artist payments, and music rights management. These core functions do not involve any inherently prohibited activities under Islamic law.
Real-World Adoption and Usage
While the project is in its early stages, there is evidence of some initial adoption with a small but growing user base. The platform has begun onboarding artists and releasing basic functionalities for music streaming and NFT creation.
Development Activity
The project maintains an active GitHub repository with regular updates to its core protocol. The development team appears to be consistently working on implementing the promised features according to their roadmap.
Token Distribution
The token distribution shows a relatively balanced allocation: 30% for platform development, 25% for community rewards, 20% for the team (with a 2-year vesting period), 15% for marketing, and 10% for liquidity provisions.
Crypto Impact
To assign a comfort level investing in MusicN 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 MusicN.
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.