SoonVerse
Crypto Overview
Project Overview
SoonVerse is a cryptocurrency project on the Binance Smart Chain (BSC) that aims to create a Web3 social networking platform and marketplace. The project's stated goal is to build a decentralized ecosystem where users can interact, share content, and trade digital assets.
Utility Analysis
The primary utility of SOON tokens includes: Platform governance rights, Access to premium features in the SoonVerse ecosystem, Payment method within the marketplace. While the platform is still in development, the token currently functions primarily as a speculative digital asset with governance rights.
Business Model Evaluation
The project's business model appears to focus on building a decentralized social platform. There are no apparent elements that would conflict with Islamic principles such as riba, gambling, or prohibited industries. The platform does not involve lending or interest-bearing mechanisms.
Development and Adoption
The project shows ongoing development activity, though still in early stages. The team maintains regular communications through social media channels and provides development updates. While current adoption is limited, this is typical for early-stage projects and does not impact Sharia compliance.
Token Distribution
The token distribution includes locked team tokens with vesting periods, showing some protection against immediate selling by insiders. The project maintains transparency regarding token allocations and vesting schedules.
Crypto Impact
To assign a comfort level investing in SoonVerse 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 SoonVerse.
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.