Yesports
Crypto Overview
Overview
Yesports presents itself as a Web3 esports fan engagement platform that aims to connect esports teams with their fans through digital collectibles and experiences. The YESP token serves as the native utility token of the Yesports ecosystem.
Purpose and Utility
The intended purpose of YESP is to facilitate transactions within the Yesports ecosystem, including purchasing NFTs, accessing exclusive content, and participating in team-related activities. The token also provides governance rights to holders.
Business Model Analysis
The platform's core business model revolves around creating legitimate value through digital asset ownership and fan engagement. There is no evidence of involvement in prohibited activities such as gambling, interest-based lending, or adult content.
Real-World Adoption
While the platform has announced partnerships with various esports teams, current adoption appears limited. However, this does not impact its Sharia compliance assessment.
Platform Development
The project maintains an active development presence, focusing on building out the fan engagement platform and NFT marketplace functionality.
Token Distribution
Token distribution information shows allocated portions for team members and early investors with standard vesting periods, which is typical for blockchain projects.
Crypto Impact
To assign a comfort level investing in Yesports 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 Yesports.
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.