Quidd
Crypto Overview
Purpose and Utility
Quidd is the token powering the Quidd marketplace, a platform for trading digital collectibles and NFTs. The QUIDD token serves as the native currency for transactions within the Quidd ecosystem, which includes purchasing, trading, and selling digital collectibles from various entertainment brands.
Business Model Analysis
The platform operates as a legitimate marketplace for digital collectibles, partnering with major entertainment brands like Disney, Marvel, Game of Thrones, and others. Users can purchase, collect, and trade digital items, with QUIDD tokens facilitating these transactions. The business model is transparent and focuses on legitimate commerce of digital assets.
Real-World Adoption
The Quidd marketplace has been operational since 2016, with over 7 million users and has facilitated the trade of over 2.1 billion digital collectibles. The platform has demonstrated consistent usage and growth, though the QUIDD token itself was introduced more recently.
Platform Development
The project maintains active development, regularly updating its marketplace features and expanding partnerships. The team consistently works on improving the platform's functionality and user experience.
Token Distribution
The token distribution includes allocations for ecosystem development, team members, and public sale participants. While there are vesting schedules in place for team tokens, the specific details of token distribution are transparent and publicly available.
Technology and Revenue Model
The platform generates revenue through legitimate commerce of digital collectibles, with the token serving as a medium of exchange. The technology does not involve interest-bearing mechanisms or lending protocols.
Crypto Impact
To assign a comfort level investing in Quidd 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 Quidd.
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.