Affyn
Crypto Overview
Project Overview
Affyn is a Singapore-based metaverse project that launched in 2021, developing a free-to-play, play-to-earn mobile game called NEXUS World that incorporates augmented reality (AR) and geolocation features. The FYN token serves as the primary utility token within the Affyn ecosystem.
Intended Utility
The FYN token is designed to serve multiple purposes within the NEXUS World ecosystem: governance rights, in-game purchases, rewards for players, and staking mechanisms. Players can use FYN tokens to purchase virtual land, characters (called 'Buddies'), and other in-game assets that have real utility within the game.
Actual Utility and Development
As of 2024, Affyn has made significant progress in developing its ecosystem. The NEXUS World game is currently in beta testing, with limited functionality available. The project has established partnerships with several technology companies and gaming studios to enhance its AR capabilities. The development team maintains regular updates and communication through official channels.
Token Distribution and Economics
The initial token distribution allocated 40% to the ecosystem and play-to-earn rewards, 21% to private sale investors, 15% to the team and advisors (with vesting periods), 12% to marketing and partnerships, 7% to public sale, and 5% to liquidity provisions. Team tokens are subject to a 24-month vesting period with a 6-month cliff.
Revenue Model and Operations
Affyn generates revenue through: NFT sales of virtual land and characters, marketplace transaction fees, and in-game purchases. The project does not involve interest-bearing mechanisms or gambling features in its core functionality.
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.
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.