Virtue Poker
Crypto Overview
Overview
Virtue Poker is a decentralized poker platform built on Ethereum that aims to provide fair and transparent peer-to-peer poker games using blockchain technology. The VPP token is used for governance, staking by validators (called 'Justices'), and as a medium of exchange within the platform.
Purpose and Utility
The primary purpose of VPP is to facilitate the operation of the Virtue Poker platform, where it serves multiple functions: governance voting rights, staking by platform validators, and payment for platform services. The token is actively used for these purposes on the platform.
Business Model Evaluation
The core business model revolves around gambling activities through poker games. While the platform emphasizes fairness and transparency through blockchain technology, its fundamental purpose is to facilitate poker gambling. This is inherently problematic from an Islamic finance perspective, as gambling is explicitly prohibited (haram) regardless of the technology used to implement it.
Real-World Adoption and Platform Development
The platform has seen some adoption and continues to be actively developed. It has partnerships with notable entities in the poker industry and has implemented various technological solutions to ensure fair play. However, the underlying activity remains gambling-focused.
Token Distribution and Governance
The token distribution appears relatively balanced between team, investors, and community members. There are vesting schedules in place for team and investor allocations. The project maintains active development and transparent communication about its progress and updates.
Crypto Impact
To assign a comfort level investing in Virtue Poker 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 Virtue Poker.
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.