NFTLaunch
Crypto Overview
Purpose and Utility
NFTLaunch presents itself as a launchpad platform for NFT projects on the BNB Chain (formerly BSC). The NFTL token is designed to provide governance rights and access to NFT project launches on their platform.
Business Model
The platform aims to facilitate new NFT project launches while requiring NFTL tokens for participation in launches and voting on platform decisions. The business model appears straightforward and does not inherently involve any prohibited activities.
Real-World Adoption
Current on-chain data shows very limited activity for the NFTL token. The platform has had minimal documented NFT launches, suggesting low adoption of its intended utility.
Development Activity
Public development activity appears minimal, with limited recent updates to the platform or ecosystem. The team's current level of engagement with the project is unclear from available data.
Token Distribution
Information about token distribution and vesting schedules is limited in publicly available sources. This lack of transparency makes it difficult to fully assess the token distribution structure.
Marketing and Development
The project's current marketing presence is minimal, with limited recent updates on official channels.
Crypto Impact
To assign a comfort level investing in NFTLaunch 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 NFTLaunch.
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.