PREME Token
Crypto Overview
Overview
PREME Token is a new cryptocurrency launched in late 2023 on the Solana blockchain. The project aims to create a decentralized social platform with focus on content monetization.
Purpose and Utility
PREME's stated purpose is to serve as a governance and utility token for their decentralized social platform. Token holders can participate in platform governance decisions and access premium features.
Business Model
The project's business model appears to focus on content creation and social engagement, with no apparent involvement in prohibited activities like gambling or interest-based lending. The platform aims to generate revenue through content monetization and premium features.
Development and Adoption
The project is in its early stages with limited but growing adoption. Development activity appears consistent based on GitHub repositories and community updates. The team maintains regular communication through their social channels and development updates.
Token Distribution
Initial token distribution includes vesting periods for team members and early investors, with specific allocations for development, marketing, and community growth. The project maintains transparency regarding token allocations and vesting schedules.
Crypto Impact
To assign a comfort level investing in PREME Token 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 PREME Token.
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.