Affyn
Crypto Overview
Project Overview
Affyn is a mobile gaming platform that aims to create a metaverse ecosystem combining gameplay with real-world locations. The project utilizes blockchain technology and incorporates play-and-earn mechanics through their FYN utility token.
Purpose and Utility
FYN token serves multiple purposes within the Affyn ecosystem: Governance rights for holders, In-game currency for purchases and rewards, Staking functionality for network security, Trading of in-game assets and NFTs.
Business Model Analysis
The core business model revolves around creating an interactive gaming experience where players can earn rewards through gameplay. The platform integrates augmented reality (AR) technology to blend virtual and real-world environments.
Development and Adoption
The project has shown consistent development activity with regular updates to their platform. They have established partnerships with various gaming and blockchain companies. The NEXUS World mobile game is their flagship product, though it is still in development phases.
Token Distribution
Total supply: 1 billion FYN tokens. Distribution includes allocations for ecosystem development, team (with vesting schedules), public sale, and game rewards. Team tokens have vesting periods to prevent immediate selling.
Revenue Model
Revenue is generated through in-game purchases, NFT sales, and marketplace fees. The model does not rely on interest-bearing mechanisms or lending protocols.
Crypto Impact
To assign a comfort level investing in Affyn 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 Affyn.
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