Reel Token
Crypto Overview
Project Overview
Reel Token (REELT) is a cryptocurrency designed to serve the film and entertainment industry. The project aims to create a decentralized platform for film financing, production, and distribution.
Purpose and Utility
The intended purpose of Reel Token is to facilitate transactions within the film industry ecosystem, including funding film projects, purchasing movie tickets, and accessing streaming content. The token also promises to give holders voting rights on which films receive funding through their platform.
Business Model Analysis
The business model appears to focus on legitimate entertainment industry activities without involvement in prohibited sectors. The core activities involve film production and distribution, which are permissible under Islamic law.
Development and Adoption
The project shows limited development activity and adoption at present. While there is a basic framework in place, the actual implementation of promised features is still in early stages.
Token Distribution
According to available information, the token distribution includes allocations for development (30%), marketing (20%), team (15%), and public sale (35%). Team tokens have a vesting period of 24 months.
Crypto Impact
To assign a comfort level investing in Reel 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 Reel 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.