SpaceY
Crypto Overview
Purpose and Utility
SpaceY (SPAY) is positioned as a utility token within the SpaceY ecosystem, which aims to create a decentralized platform for space exploration and education. The token is intended to be used for governance voting on space-related projects and accessing educational content.
Business Model Analysis
The project's business model appears to focus on creating a community-driven platform for space enthusiasts. While the project is in early stages, there are no apparent elements that would conflict with Islamic principles in its stated business model.
Real-World Adoption
Current adoption appears to be limited, with most activity centered around trading on decentralized exchanges. The educational platform and governance mechanisms are still in development.
Development Activity
The project shows some development activity on GitHub, though at a modest pace. The team maintains regular communication through social media channels and their official website.
Token Distribution
According to available information, 40% of tokens are allocated to the development team with a 2-year vesting period, 30% for public sale, 20% for ecosystem development, and 10% reserved for future partnerships. The vesting schedule for team tokens provides some protection against immediate selling pressure.
Additional Considerations
The project does not involve interest-bearing mechanisms or prohibited industries. There is no lending or gambling functionality within the ecosystem. The primary utility remains focused on governance and platform access.
Crypto Impact
To assign a comfort level investing in SpaceY 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 SpaceY.
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.