SPORTZCHAIN
Crypto Overview
Overview
SPORTZCHAIN is a blockchain-based sports fan engagement platform that aims to create a decentralized ecosystem where sports fans can participate in team decisions through governance tokens.
Purpose and Utility
The SPN token is designed to serve as a governance and utility token within the SPORTZCHAIN ecosystem. Token holders can participate in team-related decisions, access exclusive content, and purchase merchandise or experiences through the platform.
Business Model Evaluation
The core business model revolves around fan engagement and participation, which aligns with halal principles as it involves the exchange of real utility and value. The platform does not facilitate gambling, interest-based lending, or other prohibited activities.
Platform Development and Adoption
The project has established partnerships with several sports teams, particularly in cricket and football. The development team maintains regular updates to the platform, though adoption remains in early stages.
Token Distribution
Token distribution includes allocations for the team, advisors, and community development. There are vesting periods in place for team tokens to prevent immediate selling.
Technology Assessment
The platform operates on the Binance Smart Chain, facilitating fan governance and engagement features. The technical implementation appears sound and focused on delivering the promised utility.
Crypto Impact
To assign a comfort level investing in SPORTZCHAIN 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 SPORTZCHAIN.
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.