Vemate
Crypto Overview
Purpose and Utility
Vemate is a blockchain-based project that aims to create a marketplace for digital collectibles and NFTs, with a focus on gaming assets. The VMT token serves as the native currency within the Vemate ecosystem, used for purchasing NFTs, participating in the marketplace, and accessing platform features.
Business Model Analysis
The platform's business model revolves around facilitating the trade of digital assets and NFTs, which represents a legitimate exchange of value between parties. The project doesn't appear to involve any inherently prohibited activities like gambling, riba-based lending, or adult content.
Real-World Adoption
Current adoption appears to be limited, with most activity centered around trading on decentralized exchanges. While the marketplace is still in development, this limited adoption doesn't affect its sharia compliance status.
Platform Development
The project shows ongoing development efforts, though activity levels are moderate. The team maintains regular updates on their social media channels and development platforms.
Token Distribution
Token distribution information indicates a relatively standard allocation model, with portions reserved for development, marketing, and public sale. While specific vesting details aren't widely published, this isn't inherently problematic from a sharia compliance perspective.
Crypto Impact
To assign a comfort level investing in Vemate 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 Vemate.
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.