Uptrennd
Crypto Overview
Project Overview
Uptrennd was launched as a blockchain-based social media platform that aimed to reward content creators with 1UP tokens for their contributions. The platform intended to create a decentralized social media ecosystem where users could earn tokens through content creation, engagement, and community participation.
Current Status
As of 2024, the Uptrennd platform appears to be inactive. The project's website is no longer accessible, and there has been no significant development activity or community engagement for an extended period. The token appears to have been delisted from most major exchanges.
Intended Utility
The 1UP token was designed to serve as the native currency within the Uptrennd ecosystem, facilitating rewards for content creation and engagement. Users could earn tokens by creating content, engaging with posts, and participating in community activities.
Business Model Analysis
The original business model was based on legitimate content creation and social media engagement, which aligns with Islamic principles. There was no evidence of inherent riba, gambling, or other prohibited activities in the core business model.
Development and Adoption
The project appears to have ceased active development, with no significant updates or improvements to the platform in recent years. The lack of current activity suggests the project may have been abandoned.
Crypto Impact
To assign a comfort level investing in Uptrennd 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 Uptrennd.
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.