NFT STARS
Crypto Overview
Overview
NFT STARS was launched as a cross-chain NFT marketplace platform that aimed to provide a space for artists and creators to mint, sell and trade NFTs. The project attempted to differentiate itself by focusing on curated art collections and providing additional features like NFT farming and staking.
Purpose and Utility
The NFTS token was designed to serve as the native utility token of the NFT STARS platform, intended for governance, staking, and marketplace transactions. However, based on the most recent available data, the project appears to be inactive with minimal to no current development or usage.
Business Model Assessment
The original business model centered around NFT trading and creation was permissible from an Islamic perspective as it involved the actual exchange of digital assets. However, the platform's staking and farming features would need careful evaluation for Sharia compliance.
Current Status
The project shows extremely limited activity, with negligible trading volume and no significant development updates in recent periods. The official website and social media channels appear to be defunct or inactive.
Crypto Impact
To assign a comfort level investing in NFT STARS 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 NFT STARS.
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.