ShoeFy
Crypto Overview
Overview
ShoeFy is a blockchain-based platform that aims to combine NFTs with physical sneakers, creating a bridge between digital and physical assets in the footwear industry.
Purpose and Utility
The SHOE token serves as the native utility token of the ShoeFy ecosystem. It is designed to facilitate transactions within the platform, including NFT purchases, physical shoe redemptions, and governance participation.
Business Model Analysis
The platform's core business model involves: 1) NFT minting and trading of digital sneaker assets, 2) Physical sneaker redemption system, 3) Marketplace functionality for digital and physical assets, 4) Governance mechanisms for platform decisions.
Platform Development and Adoption
At the time of this analysis, the project appears to be inactive. The official website is no longer accessible, social media channels show no recent activity, and there is minimal to no current trading volume. The development activity on public repositories has ceased.
Token Distribution and Governance
Due to the project's current inactive status, accurate information about token distribution, vesting schedules, and current governance implementation is not available.
Crypto Impact
To assign a comfort level investing in ShoeFy 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 ShoeFy.
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.