Revolotto
Crypto Overview
Overview
Revolotto is a blockchain-based lottery platform that aims to provide decentralized lottery games. RVL is the native token used within the ecosystem.
Purpose and Utility
The primary purpose of RVL is to serve as the payment and reward token within the Revolotto lottery platform. Users can participate in lottery games using the RVL token.
Business Model Analysis
The core business model revolves around lottery games, which are fundamentally games of chance where participants bet tokens for the possibility of winning a larger amount. This model inherently operates as a zero-sum game where winners' gains come directly from other participants' losses.
Platform Development and Adoption
While the platform appears to have a functional lottery system, the core utility remains centered around gambling activities.
Token Distribution and Governance
Information about token distribution and governance structure is limited in publicly available sources. However, this limitation does not affect the fundamental assessment of the project's sharia compliance.
Crypto Impact
To assign a comfort level investing in Revolotto 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 Revolotto.
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.