NFPrompt

Halal Rating :
Comfortable
Last Price $0.25 Last updated:
Rank 491
1D Change -7.68 %
Market Cap $93.29m
Circulating supply 379,863,014
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • AI & Big Data
  • Content Creation
  • Payments
  • Staking
  • BNB Smart Chain
  • Binance Launchpool
  • Governance
  • Web3
  • Generative AI

Overview

NFPrompt (NFP) is a utility token designed for the NFPrompt platform, which aims to serve as a decentralized marketplace for AI-generated content and NFTs. The platform allows users to create, trade, and monetize AI-generated content while using NFP tokens as the primary medium of exchange.

Purpose and Utility

The primary stated purpose of NFP is to facilitate transactions within the NFPrompt ecosystem, including purchasing AI-generated content, paying for NFT minting, and participating in platform governance. Users can earn NFP tokens by contributing content or participating in the platform's activities.

Business Model Analysis

The business model appears to be focused on legitimate value exchange, where users receive tangible digital assets or services in return for their tokens. The platform does not involve any interest-based mechanisms, gambling features, or prohibited activities under Islamic law.

Current Usage and Adoption

While the platform is still in its early stages, there is evidence of active development and growing user adoption. The token is primarily used for its intended purposes within the NFPrompt ecosystem, though there is also significant trading activity on various exchanges.

Token Distribution

The token distribution includes allocations for development, marketing, and community incentives. While founder and team allocations exist, they appear to have reasonable vesting schedules to prevent immediate dumps.

Crypto Impact

To assign a comfort level investing in NFPrompt 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 NFPrompt.

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.