Seedify.fund

Halal Rating :
Questionable
Last Price $1.33 Last updated:
Rank 475
1D Change -1.46 %
Market Cap $83.35m
Circulating supply 62,538,948
Maximum supply 100,000,000

Crypto Overview

Categories
  • Gaming
  • Launchpad
  • Polygon Ecosystem
  • Play To Earn
  • BNB Chain

Overview

Seedify.fund is a blockchain gaming-focused incubator and launchpad platform that aims to support and nurture promising blockchain gaming projects. The platform uses SFUND as its native token, which serves multiple utilities within its ecosystem.

Intended Utility

The primary intended utilities of SFUND include: governance rights for the platform's direction, participation in Initial Game Offerings (IGOs), staking for rewards, and access to early-stage gaming project investments. The platform facilitates the funding and development of blockchain gaming projects while providing token holders with opportunities to participate in these projects' early stages.

Actual Utility and Implementation

The platform has demonstrated significant real-world adoption, successfully launching numerous blockchain gaming projects. On-chain data shows active participation in IGOs and staking activities. The platform maintains regular development updates and has established partnerships with various gaming projects and blockchain networks.

Token Distribution and Governance

The token distribution shows a relatively balanced allocation: 30% for the public sale, 25% for ecosystem development, 20% for staking rewards, 15% for team and advisors (with vesting periods), and 10% for marketing and partnerships. The team's tokens are subject to a vesting schedule over 24 months, indicating a long-term commitment to the project.

Development vs Marketing

The project maintains a balanced approach between development and marketing activities. Regular technical updates, platform improvements, and new feature implementations demonstrate a focus on actual development rather than mere token promotion.

Revenue Model Analysis

The platform generates revenue through launchpad fees, partnership arrangements, and ecosystem services. These revenue streams are based on legitimate business activities and do not rely on interest-based mechanisms.

Crypto Impact

To assign a comfort level investing in Seedify.fund 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 Seedify.fund.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

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Justification for our Halal Rating