Solice
Crypto Overview
Overview
Solice (SLC) is a virtual reality metaverse built on the Solana blockchain. The project aims to create an immersive virtual world where users can create, own, and monetize their experiences using the SLC token.
Intended Purpose
The SLC token serves multiple utilities within the Solice ecosystem: It's used for governance, purchasing virtual land and assets, accessing exclusive content, and participating in the metaverse economy. Users can create and trade NFTs representing virtual real estate, avatars, and in-world items.
Business Model Analysis
The core business model revolves around creating a virtual marketplace and social platform. The activities within the ecosystem primarily involve the exchange of digital assets and virtual property, which is permissible from an Islamic finance perspective as real value and ownership are transferred.
Development and Adoption
The project shows ongoing development activity, though adoption remains in early stages. The team maintains regular updates to their platform and continues to build out the virtual world infrastructure.
Token Distribution
The token distribution includes allocations for the team, development, community rewards, and public sale participants. Team tokens are subject to a vesting schedule to align long-term interests.
Revenue Model
The platform generates revenue through transaction fees from asset trades and virtual land sales. These activities involve actual exchange of value and ownership rights, making them permissible from a Shariah perspective.
Crypto Impact
To assign a comfort level investing in Solice 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 Solice.
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.