RACA
Crypto Overview
Background and Intended Utility
Radio Caca (RACA) is the native token of the Universal Metaverse (USM) ecosystem, launched in 2021. The project aims to create a metaverse platform that includes gaming, NFTs, and virtual real estate. The stated purpose includes facilitating in-game transactions, governance participation, and metaverse asset ownership.
Actual Utility Assessment
The token currently functions primarily within the USM Metaverse ecosystem, where it's used for purchasing virtual land, NFTs, and in-game items. The project has established partnerships with several gaming projects and maintains active development, though usage metrics suggest moderate real-world adoption.
Token Distribution and Governance
The token distribution shows a concerning concentration, with significant portions allocated to the team and early investors. While there are vesting schedules in place, the transparency around token unlocks and team holdings could be improved.
Development vs Marketing
The project demonstrates ongoing technical development with regular updates to their metaverse platform. However, marketing efforts appear to be equally substantial, raising some concerns about prioritization.
Revenue Model Analysis
The primary revenue streams come from NFT sales, virtual land transactions, and ecosystem fees. These mechanisms generally align with Islamic principles as they involve actual asset exchange and value creation, without inherent riba elements.
Crypto Impact
To assign a comfort level investing in RACA 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 RACA.
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.