Sona Network
Crypto Overview
Overview
Sona Network is a decentralized protocol focused on building a social gaming infrastructure. The project aims to enable Web3 game developers to integrate social features and player engagement mechanics into their games.
Purpose and Utility
The SONA token serves as the native utility token of the Sona Network ecosystem. Its primary purposes include: governance rights for protocol decisions, staking for network security, and facilitating transactions within the gaming ecosystem.
Business Model Analysis
The core business model revolves around providing infrastructure for game developers, which is inherently halal as it involves the exchange of legitimate services. The platform does not directly facilitate gambling or interest-based activities.
Development and Adoption
The project shows active development on their GitHub repository and has established partnerships with several gaming projects. While still in its early stages, the development team appears committed to building out the promised infrastructure.
Token Distribution
The token distribution includes allocations for the team, development fund, and community initiatives. Team tokens are subject to a vesting schedule, indicating some protection against sudden selling pressure from insiders.
Crypto Impact
To assign a comfort level investing in Sona Network 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 Sona Network.
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.