NEOKingdom DAO
Crypto Overview
Overview
NEOKingdom DAO is a decentralized autonomous organization (DAO) that aims to create a community-driven ecosystem for Web3 professionals, particularly focusing on freelancers and digital nomads. The NEOK token serves as both a governance and utility token within the ecosystem.
Purpose and Utility
The primary stated purpose of NEOK is to facilitate governance within the NEOKingdom DAO ecosystem and provide utility for various platform services. Token holders can participate in governance decisions and access platform features.
Business Model Analysis
The project appears to focus on creating a legitimate marketplace for Web3 professionals, with the token serving as a means of ecosystem participation and governance. The business model does not inherently involve any prohibited activities like gambling or interest-based lending.
Real-World Adoption
Current adoption appears to be in early stages, with limited but growing community participation. The project shows ongoing development activity and community engagement through their governance platform.
Token Distribution and Vesting
The token distribution includes vesting periods for team members and early contributors, showing some effort to prevent immediate selling pressure and align long-term interests.
Development Activity
There is evidence of continued development work on the platform, with regular updates to the governance system and ecosystem features.
Crypto Impact
To assign a comfort level investing in NEOKingdom 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 NEOKingdom 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.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.