Woonkly
Crypto Overview
Purpose and Utility
Woonkly was launched as a decentralized social media platform that aimed to connect users and advertisers directly, eliminating intermediaries. The project intended to create a blockchain-based social network where content creators could monetize their content and interact with their audience.
Business Model Analysis
The platform was designed to facilitate direct creator-audience relationships through smart contracts, with WOOP tokens serving as the native currency for transactions within the ecosystem. The business model itself doesn't inherently conflict with Islamic principles as it involves real value exchange between parties.
Development and Platform Activity
As of 2024, the project appears to be inactive. The official website is no longer accessible, and there has been minimal to no development activity on their GitHub repositories. Social media channels have also been dormant for an extended period.
Token Distribution and Governance
Due to the project's current inactive status, detailed information about token distribution and governance structure is limited. The token appears to have been delisted from major exchanges, and trading activity has essentially ceased.
Crypto Impact
To assign a comfort level investing in Woonkly 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 Woonkly.
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.