VetMe
Crypto Overview
Overview
VetMe is a cryptocurrency project that aims to provide a decentralized identity verification and reputation system. The VETME token serves as the utility token within the VetMe ecosystem.
Purpose and Utility
The stated purpose of VetMe is to create a blockchain-based platform where users can verify their identity and build reputation scores. The platform intends to facilitate trust in digital interactions and commerce through a decentralized verification system.
Business Model Assessment
The core business model appears to focus on legitimate identity verification services, which aligns with Islamic principles of transparency and trust in transactions. The project does not involve any inherently prohibited activities like interest-based lending or gambling.
Development and Adoption
The project is in relatively early stages of development. While current adoption appears limited, this does not impact its Sharia compliance status.
Token Distribution and Governance
The token distribution model includes allocations for development, marketing, and community growth. The project maintains transparency regarding token allocations and vesting schedules.
Crypto Impact
To assign a comfort level investing in VetMe 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 VetMe.
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.