STREETH
Crypto Overview
Overview
STREETH is a cryptocurrency token that aims to connect street art with blockchain technology, creating a platform for artists and collectors in the digital space. The project's stated purpose is to tokenize street art and create a marketplace for street art-related NFTs.
Purpose and Utility
The intended utility of STREETH includes governance rights for the STREETH DAO, access to exclusive NFT drops, and participation in the street art ecosystem. The token serves as the native currency for transactions within the STREETH marketplace.
Business Model Analysis
The business model focuses on legitimate art trading and community building around street art, which aligns with halal principles as it involves actual asset exchange and value creation through artistic works. The platform does not involve any inherently prohibited activities like gambling, interest-based lending, or adult content.
Development and Adoption
The project shows ongoing development activity, though specific metrics about current adoption levels are limited. The team maintains regular updates on their social media channels and continues to work on platform improvements.
Token Distribution
Based on available information, the token distribution appears to follow standard industry practices with reasonable vesting periods for team members and early investors. No concerning concentration of tokens has been identified that would suggest a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in STREETH 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 STREETH.
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.