Paper Plane
Crypto Overview
Overview
Paper Plane (PLANE) is a cryptocurrency token built on the Arbitrum network. The project aims to create a decentralized flight booking platform where users can book flights using PLANE tokens.
Purpose and Utility
The stated purpose of PLANE is to serve as a utility token within their ecosystem for flight bookings and travel-related services. The project claims to be developing partnerships with airlines and travel agencies to enable direct flight bookings using their token.
Business Model Evaluation
The business model involves creating a decentralized marketplace for flight bookings, which is inherently halal as it facilitates the exchange of legitimate services. The project does not involve interest-bearing mechanisms, gambling, or prohibited activities.
Development and Adoption
The project is in its early stages with development ongoing. While the flight booking platform is not yet operational, the team has published a roadmap and is actively working on partnerships within the travel industry. The token currently serves primarily as a speculative asset while the utility features are being developed.
Token Distribution
The token distribution includes allocations for development, marketing, and community incentives. There are vesting periods in place for team tokens, which demonstrates some level of commitment to long-term development.
Crypto Impact
To assign a comfort level investing in Paper Plane 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 Paper Plane.
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.