Web3Shot
Crypto Overview
Overview and Purpose
Web3Shot (W3S) is a blockchain-based platform designed to facilitate decentralized content sharing and digital asset management in the Web3 ecosystem. The project aims to create a decentralized infrastructure for content creators and digital asset management.
Utility Assessment
The primary utility of W3S tokens includes: governance rights within the platform ecosystem, content monetization capabilities, and access to premium features. Currently, the token is primarily used for trading on decentralized exchanges.
Business Model Analysis
The platform's business model appears to be based on legitimate content sharing and digital asset management services. No evidence was found of involvement in prohibited activities such as gambling, interest-based lending, or adult content.
Development and Adoption
The project shows regular development activity on GitHub, though current adoption remains limited. The team maintains active communication through official channels and provides regular updates on development progress.
Token Distribution
The token distribution shows: 30% allocated to the development team with a 2-year vesting period, 40% for public sale, 20% for ecosystem development, and 10% reserved for marketing initiatives. The vesting schedule for team tokens suggests a long-term commitment to the project.
Crypto Impact
To assign a comfort level investing in Web3Shot 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 Web3Shot.
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.