Neighbourhoods
Crypto Overview
Purpose and Utility
Neighbourhoods (NHT) is a cryptocurrency that powers a decentralized platform designed to enable the creation of decentralized social networks and communities. The project aims to provide tools for building Web3 social platforms where users can interact, share content, and govern their digital spaces.
Business Model Analysis
The platform's business model appears to revolve around providing infrastructure for decentralized social networks. The NHT token is used for governance and access to platform features. There is no evidence of involvement in prohibited activities like gambling, interest-based lending, or adult content.
Real-World Adoption
The project is in its early stages, with limited but growing adoption. While the developer activity appears genuine, the actual usage of the platform for its intended purpose remains modest.
Development Activity
There is visible development activity on the project's GitHub repositories, indicating ongoing work on the platform's infrastructure and features. The team appears to be actively building and improving the core technology.
Token Distribution
Details about the token distribution model and vesting schedules are limited in public documentation. This lack of transparency, while concerning from an investment perspective, does not impact the halal status of the token itself.
Crypto Impact
To assign a comfort level investing in Neighbourhoods 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 Neighbourhoods.
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.