Twinci
Crypto Overview
Overview
Twinci is a decentralized NFT marketplace and social platform built on the Binance Smart Chain. The project aims to provide a platform for creators to mint, trade, and showcase NFTs while incorporating social media features.
Purpose and Utility
The TWIN token serves as the native utility token of the Twinci platform, used for: Platform governance, NFT marketplace transactions, Creator rewards and incentives, Platform fee payments.
Business Model Evaluation
The core business model revolves around facilitating NFT trading and social interactions. The platform charges fees on NFT transactions which are partially distributed to TWIN token holders. No evidence was found of involvement in prohibited activities like gambling or interest-based lending.
Real-World Adoption
Current adoption appears limited, with relatively low trading volume and user activity. However, the platform remains operational and continues development efforts.
Development Activity
The project maintains an active development presence, though updates are somewhat infrequent. The team continues to work on platform improvements and feature additions.
Token Distribution
Initial token distribution included allocations for the team, development, marketing, and public sale. Specific vesting schedules were implemented for team tokens to prevent immediate selling.
Crypto Impact
To assign a comfort level investing in Twinci 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 Twinci.
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.