Only1

Halal Rating :
Comfortable
Last Price $0.031 Last updated:
Rank 1209
1D Change -6.58 %
Market Cap $10.1m
Circulating supply 331,159,918
Maximum supply None
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Marketplace
  • Communications & Social Media
  • AI & Big Data
  • Collectibles & NFTs
  • Entertainment
  • Social Token
  • Solana Ecosystem
  • Alameda Research Portfolio
  • PetRock Capital Portfolio
  • Animoca Brands Portfolio

Overview

Only1 is a Web3 social platform built on the Solana blockchain that aims to connect content creators with their fans through NFTs and social tokens. The platform uses the LIKE token for governance, staking, and platform transactions.

Purpose and Utility

The LIKE token serves multiple functions within the Only1 ecosystem: governance rights, staking for platform features, and payments between creators and fans. The platform enables content creators to monetize their work through NFTs and engage with their community.

Business Model Analysis

The business model focuses on content creation and community engagement, which are permissible activities under Islamic principles. The platform does not facilitate interest-bearing products or explicitly prohibited content.

Development and Adoption

The project maintains active development on the Solana blockchain. While adoption metrics are limited, this does not impact Sharia compliance assessment. The team regularly updates their platform and maintains communication with their community through official channels.

Token Distribution

The token distribution includes allocations for the team, development, and community initiatives. While specific vesting details are not publicly available, the token distribution structure appears standard for blockchain projects.

Crypto Impact

To assign a comfort level investing in Only1 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 Only1.

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.

Contribute