Wirtual
Crypto Overview
Overview
Wirtual is a move-to-earn fitness application that rewards users with WIRTUAL tokens for completing physical activities and exercises. The platform aims to promote healthy living by incentivizing users to stay active.
Purpose and Utility
The primary purpose of WIRTUAL is to serve as the native token within the Wirtual fitness ecosystem. Users earn tokens by completing verified physical activities, which can then be used for in-app purchases, NFT acquisitions, or traded on exchanges.
Business Model Assessment
The business model appears to be straightforward and transparent: Users perform physical activities, verify their completion through the app, and receive WIRTUAL tokens as rewards. The platform generates revenue through premium subscriptions, NFT sales, and marketplace fees.
Real-World Adoption
The platform has shown moderate adoption with an active user base primarily in Southeast Asia. The app is available on both iOS and Android platforms, with regular user activity verified through on-chain data.
Development Activity
The project maintains regular development updates and platform improvements. The team actively manages the ecosystem and implements new features based on community feedback.
Token Distribution
Token distribution information shows a structured allocation with vesting periods for team members and early investors, indicating measures to prevent market manipulation.
Crypto Impact
To assign a comfort level investing in Wirtual 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 Wirtual.
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.
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