SPORT
Crypto Overview
Project Overview
SPORT is the native token of SportX, a decentralized sports betting platform built on Polygon Network. The token was launched in 2021 and is primarily used for governance and staking within the SportX ecosystem.
Purpose and Utility
The stated purpose of SPORT token is to serve as a governance token for the SportX protocol, allowing holders to vote on protocol parameters and participate in platform decisions. Token holders can also stake SPORT to earn rewards from platform fees.
Business Model Evaluation
The core business model revolves around facilitating sports betting and prediction markets, which are forms of gambling. The platform enables users to place bets on various sporting events using cryptocurrency.
Real-World Adoption
The platform has shown adoption among sports betting enthusiasts, with active trading volumes and betting activities. However, the primary use case remains centered around gambling activities.
Development Activity
The project maintains regular development updates and platform improvements, particularly focused on expanding betting markets and improving user experience for sports wagering.
Crypto Impact
To assign a comfort level investing in SPORT 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 SPORT.
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.