tomi
Crypto Overview
Purpose and Utility
tomi is a Layer 1 blockchain project focused on providing infrastructure for Web3 gaming and metaverse applications. The project aims to solve scalability issues and high transaction costs that currently limit blockchain gaming adoption.
Business Model Analysis
The platform's core functionality revolves around providing blockchain infrastructure for gaming applications, which is inherently halal as it involves the creation and exchange of digital assets and services. The project does not involve interest-bearing mechanisms or gambling-based applications.
Real-World Adoption
The project is still in its early development phases. While adoption is currently limited, this is not a concern from a Shariah compliance perspective. The team has been actively developing the infrastructure and maintaining regular development updates through their GitHub repository.
Token Distribution and Governance
TOMI token serves as the native currency of the tomi ecosystem, used for transaction fees and governance. The token distribution appears to have reasonable vesting periods for team and advisor allocations, which helps prevent pump-and-dump scenarios.
Technology and Revenue Model
The project's revenue model is based on transaction fees and ecosystem growth rather than interest-bearing mechanisms. The underlying technology focuses on providing infrastructure services, which aligns with Islamic principles of fair exchange and value creation.
Crypto Impact
To assign a comfort level investing in tomi 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 tomi.
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.