UCROWDME
Crypto Overview
Overview
UCrowdMe (UCM) is a cryptocurrency token that aims to serve as a utility token within the UCrowdMe ecosystem, a platform designed for crowdfunding and community engagement.
Purpose and Utility
The stated purpose of UCM is to facilitate transactions and governance within the UCrowdMe platform. Token holders can participate in the platform's decision-making processes and access various platform features.
Business Model and Development
The project appears to be in early stages of development. While there is limited information available about current real-world adoption, this does not impact its Sharia compliance assessment.
Token Distribution and Governance
Information about specific token distribution and vesting schedules is limited in public sources. The project maintains a presence on social media and cryptocurrency tracking platforms.
Platform Features
The platform aims to provide crowdfunding capabilities and community engagement tools, though specific technical details and implementation progress are not widely documented.
Sharia Considerations
The core concept of a crowdfunding platform and its associated utility token does not inherently conflict with Islamic principles. The token represents real ownership and facilitates legitimate utility within its ecosystem. No evidence was found of the project engaging in prohibited activities such as interest-based lending or gambling.
Crypto Impact
To assign a comfort level investing in UCROWDME 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 UCROWDME.
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.