🏦Strategy House of Halalanft
Last updated
Last updated
We focus on five things that will be the long-term fundamentals for building the NFT utility of this project: The Halalanft Strategy House. The web3 industry has enormous potential in the future, but unfortunately, many web3 projects are ignoring the utility aspect of tokes or NFTs. Halalanft aims to build a halal ecosystem that provides NFT use cases and utilities, resulting in tangible benefits for holders.
Sharia compliance and security aspects are the cornerstones of Halalanft's ecosystem development and operations. To achieve NFT utility, Halalanft relies on three pillars: a revenue stream, a DAO, and philanthropy
As mentioned earlier, our first priority is to ensure that this project is halal from an Islamic perspective. To achieve this, we will comply with the halal certification standards set by authorized Islamic institutions. Developing a halal web3 project is a challenge, especially when it comes to reaching out to the Islamic community. We believe that there is a huge potential Muslim or halal market in this emerging web3 industry, but unfortunately, there are limited references or studies on halal in the crypto world.
Halalanft NFT holders will feel more comfortable with the protocols and revenue streams in the ecosystem we are building, as they will not have to worry about Sharia restrictions. We have a Sharia advisor on the core team, and we will provide many references to Sharia guidelines in the Halalanft community.
Security is of paramount importance in this web3 project. Therefore, the NFTs and DeFi protocols that will be built in the Halalanft ecosystem will undergo auditing by smart contract audit institutions with good credibility and reputation. We will use Solidity Finance and Certik as the candidate audit institutions.
We will establish an Islamic Education Care Center (IECC) that will focus on, but not be limited to, scholarships and the construction of Islamic boarding schools.
This scholarship program will have two objectives:
Scholarships for Muslim web3 developers and
Scholarships students who are currently studying or will be studying at an Islamic boarding school or university.
We will also collaborate with several educational or social institutions in the distribution of donations while maintaining our focus on the two objectives mentioned above.
The IECC will have its wallet, where income funds will be sourced from three sources:
The initial allocation of NFT sales/revenue from minting,
Profits from treasury management and protocol income, and
Philanthropists who donate to the IECC wallet address.
Unlike many NFT projects present in the market today, Halalanft will be an ecosystem that has its own revenue stream for the products or services it will provide. Halalanft will manage both on-chain and off-chain revenue streams, as follows:
We will allocate a portion of NFT minting revenue to the treasury, which will then be invested for profit and distributed to NFT holders as rewards. Some of the investment strategy initiatives are as follows: A. On-Chain Investment: On-chain investment will be the early-stage strategy in treasury management, through three ways:
Blockchain Validators/Delegators: Delegating coins to specific validators or running your own validator nodes to secure a blockchain.
Halal Yield Farming: Serving as a liquidity provider on a decentralized exchange for a liquidity pool of halal coins.
Spot Trading: Buying and holding coins or tokens that have medium or long-term potential. Selling when they are in a profitable position.
B. Off-Chain Investment: We have two initiatives in off-chain investment:
Clothing Brand: We will produce apparel and merchandise with Halalanft's own web3 and NFT-themed designs.
Business Funding: We will look for partnerships with local sharia enterprises/cooperatives in terms of sharia funding or even membership schemes, such as funding in the livestock business, especially during Eid al-Adha or aqiqah events.
We will prioritize off-chain business funding opportunities with a projected return on investment (ROI) of no more than one year. Fund allocation for both on-chain and off-chain investments will take into account treasury balances and risk levels, and everything will be determined and run by the core team, at least until the DAO is launched and has good governance.
Halalan Finance (Halal Yield Optimizer)
Halalan Finance is a DeFi protocol that helps liquidity providers on the decentralized exchange (DEX) platform to claim and compound the native token rewards earned on the DEX automatically. This allows the liquidity provider's portion of the liquidity pool to increase over time, without manually claiming the reward tokens, selling them to buy LP assets and re-investing in the liquidity pool. Halalan Finance aggregates all Sharia-compliant yield farming opportunities without including lending protocols.
Here is an overview of the compounding process in a yield optimizer protocol:
Halalan Finance will be launched on the Avalanche and ZKSync Era blockchains in the first phase and will expand to other chains.
The protocol will charge a performance fee taken from 3% of the rewards earned by users and set a withdrawal fee between 0-0.5% of the withdrawal value, depending on the vault.
The chart below shows the revenue model of Halalanft
Disclaimer: The revenue allocated to holders is a "redeemable reward" and is not a promise of profit sharing in the context of a typical commercial venture. The percentage figures in the framework are only to illustrate the source and amount of funds to be used.
We realize that the community is very important in the Halal Web3 project. The success of the project depends on the loyalty and dedication of the community. Therefore, a DAO is needed to strengthen the community and improve governance of the ecosystem. DAO members are Halalanft NFT holders and have the following rights:
Access Rights: Access rights as a DAO member include:
Fundamental research of Halal Web3 projects, such as blockchain protocols, DeFi, or NFTs.
Web3 education, and step-by-step practice, especially about basic blockchain, Halal DeFi, and tokenomics.
Tahsin al-Quran Program, which is a program to improve the reading of the Quran carried out periodically.
Access to protocol development progress and treasury portfolio updates.
The right to post advertisements for products and services in the advertising channel in Discord.
Governance Rights: The right to submit proposals and vote on a proposal. Governance and decisions made by the community are essential for the progress and development of the Halalanft ecosystem in the future.
We invite Muslim developers, Muslim art creators, and anyone who activates Halal Web3 to join Halalan DAO. Together we will build the Halalanft ecosystem into the largest Halal Web3 project globally.
