PokerFi
Crypto Overview
Purpose and Utility
PokerFi is a cryptocurrency that appears to be designed for use in decentralized poker games on the blockchain. The project's stated purpose is to create a decentralized poker platform where POKERFI tokens are used for gameplay and governance.
Business Model Analysis
The fundamental business model revolves around gambling activities through poker games, which is explicitly prohibited in Islamic finance. The token's primary utility is facilitating poker games and betting, which constitutes direct involvement in gambling activities.
Real-World Adoption
The project shows limited real-world adoption, but the adoption level is not relevant for Shariah compliance assessment since the core business model involves gambling.
Platform Development
While there appears to be ongoing development of the poker platform, the development activity level is not relevant for Shariah compliance assessment since the core utility is focused on gambling.
Token Distribution and Economics
Information about token distribution and vesting schedules is available but not relevant for the Shariah compliance assessment, as the primary concern is the project's fundamental nature as a gambling platform.
Crypto Impact
To assign a comfort level investing in PokerFi 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 PokerFi.
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.