Seedify.fund

Halal Rating :
Comfortable
Last Price $1.8 Last updated:
Rank 428
1D Change -9.67 %
Market Cap $116.2m
Circulating supply 64,102,337
Maximum supply 100,000,000

Crypto Overview

Categories
  • Gaming
  • Ethereum Ecosystem
  • Launchpad
  • Polygon Ecosystem
  • Play To Earn
  • BNB Chain Ecosystem
  • DWF Labs Portfolio

Purpose and Utility

Seedify.fund is a blockchain gaming-focused incubator and launchpad platform. The SFUND token serves as the platform's native token, providing holders with access to early-stage gaming project launches, NFT offerings, and governance rights within the Seedify ecosystem.

Business Model Analysis

The platform facilitates the launch of new blockchain gaming projects through Initial Game Offerings (IGOs) and Initial NFT Offerings (INOs). SFUND holders can stake their tokens to participate in these launches and earn allocation rights. The business model appears transparent and does not inherently involve prohibited activities like gambling or interest-based lending.

Real-World Adoption

Seedify has successfully launched numerous blockchain gaming projects and maintains active partnerships with various gaming studios. The platform has demonstrated consistent activity in project launches and community engagement. On-chain data shows regular token movement related to staking and launchpad participation.

Platform Development

The project maintains active development with regular updates to its platform infrastructure. The team consistently releases new features and improvements to the launchpad and incubation services. The ecosystem shows signs of genuine utility through its gaming project launches and NFT offerings.

Token Distribution and Governance

The token distribution includes allocations for the team, advisors, and early investors with standard vesting periods. The project maintains transparency regarding token unlocks and utilization. The governance mechanism allows token holders to participate in platform decisions.

Revenue Model

The platform generates revenue through launch fees and partnerships with gaming projects, which is permissible under Islamic finance principles as it represents legitimate business activity and value exchange.

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.

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