Prom
Crypto Overview
Overview
Prom (PROM) is the native token of the Prom protocol, which aims to create a universal ticketing system and token-gating solution on the blockchain. The project focuses on providing infrastructure for event organizers to create and manage digital tickets, control access to exclusive content, and manage communities.
Purpose and Utility
The PROM token serves multiple purposes within the ecosystem: 1) Governance rights for protocol decisions 2) Payment for ticketing services 3) Staking for platform participation. The platform is actively being used by event organizers and content creators to manage access control and ticketing.
Business Model Analysis
The core business model revolves around providing legitimate ticketing and access control services. The protocol does not involve any inherently prohibited activities like gambling, interest-based lending, or adult content. The revenue model is based on service fees from ticket sales and access management, which involves real value exchange.
Development and Adoption
The project maintains active development with regular updates to its platform. While adoption is still growing, there are verifiable use cases and partnerships with event organizers using the platform for legitimate ticketing purposes.
Token Distribution
The token distribution includes allocations for team members and early investors with standard vesting periods. While there is a significant portion allocated to the team, this is not unusual for infrastructure projects and doesn't inherently indicate problematic intentions.
Crypto Impact
To assign a comfort level investing in Prom 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 Prom.
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.