Vendetta
Crypto Overview
Project Overview
Vendetta (VDT) is a community-driven cryptocurrency project launched in 2023. The project aims to create a decentralized ecosystem for anonymous transactions and messaging.
Purpose and Utility
The primary stated purpose of VDT is to serve as a utility token within the Vendetta ecosystem, enabling private transactions and access to the platform's messaging features. The token is currently mainly used for trading on decentralized exchanges.
Business Model Analysis
The project's core functionalities focus on privacy-preserving transactions and communications, which are permissible use cases under Islamic principles. The platform does not inherently facilitate any haram activities like gambling, riba, or inappropriate content.
Development and Adoption
The project is in its early stages, with ongoing development of its core features. While current usage is primarily centered around trading, this doesn't affect its Sharia compliance status as the token represents actual ownership of digital assets.
Token Distribution
The token distribution includes allocations for development, marketing, and community initiatives. While specific vesting schedules are not publicly available, this doesn't impact the fundamental permissibility of the token from an Islamic perspective.
Crypto Impact
To assign a comfort level investing in Vendetta 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 Vendetta.
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.