Uplift
Crypto Overview
Overview
Uplift (LIFT) is a cryptocurrency token running on the Ethereum blockchain that aims to promote decentralized philanthropy and charitable giving through blockchain technology. The project implements a unique model where a portion of transaction fees are allocated to charitable causes.
Purpose and Utility
The primary stated purpose of Uplift is to create a decentralized ecosystem for charitable giving, where transactions automatically contribute to various charitable causes. The token also serves as a governance mechanism for voting on which charities receive donations.
Business Model Analysis
The project generates revenue through transaction fees, with a portion going to charity, platform development, and token holders. The business model appears transparent and aligns with Islamic principles of charitable giving (sadaqah).
Development and Adoption
The project shows ongoing development activity with regular updates to their smart contracts and platform features. While adoption is still in early stages, there are documented cases of successful charitable distributions through the platform.
Token Distribution
The token distribution shows a reasonable allocation with 40% for public sale, 20% for development, 20% for charitable reserve, and 20% for team and advisors. Team tokens are subject to a 2-year vesting period with quarterly unlocks.
Additional Considerations
The platform does not involve interest-bearing mechanisms or gambling features. All charitable distributions are verified through blockchain transactions and publicly accessible.
Crypto Impact
To assign a comfort level investing in Uplift 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 Uplift.
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.