The MVP Society
Crypto Overview
The MVP Society (DGEN) is a cryptocurrency project launched in November 2023 that aims to connect Degenerate Venture Capitalists (DVC) with early-stage Degenerate Venture Capital projects.
The platform's stated purpose is to serve as a token-gated community where members can collaborate, share information, and participate in early-stage crypto investments. The token provides access to the community and voting rights on platform decisions.
The project appears to focus primarily on creating a community of crypto investors and traders. While price speculation and trading activity are significant components, these activities involve actual asset ownership and transfer, making them permissible from an Islamic finance perspective.
Current Utility and Usage
The primary utility of DGEN tokens includes: Community access rights, Governance participation, Trading on decentralized exchanges.
The project maintains active social media channels and community engagement, though detailed on-chain activity data is limited due to its recent launch.
Business Model Analysis
The business model centers around community building and information sharing among crypto investors. While the project has a heavy focus on trading and investment activities, these involve actual asset ownership and transfer rather than zero-sum gambling mechanisms.
The platform does not directly facilitate lending, interest-bearing products, or explicitly prohibited activities under Islamic law.
Token Distribution and Founder Analysis
The project maintains public information about token distribution and team holdings, though specific vesting details are limited. The development team is public and maintains regular communication with the community through social media and their platform.
Crypto Impact
To assign a comfort level investing in The MVP Society 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 The MVP Society.
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.