Alpaca City
Crypto Overview
Project Overview
Alpaca City is a blockchain-based virtual world/metaverse project that allows users to own, trade, and interact with virtual alpacas and land parcels in a digital city environment. The ALPA token serves as the native currency within this ecosystem.
Intended and Current Utility
The ALPA token is designed to facilitate transactions within the Alpaca City metaverse, including purchasing virtual alpacas, land parcels, and in-game items. It also provides governance rights to token holders who can participate in decisions about the platform's development.
Platform Development and Activity
There appears to be limited recent development activity on the project, with minimal updates to their public repositories. The project's social media presence and community engagement have also been relatively quiet in recent months.
Token Distribution and Vesting
Token distribution information and vesting schedules are not clearly documented in public sources, making it difficult to assess the concentration of tokens among founders and early investors.
Business Model Analysis
The core business model revolves around creating and trading digital assets (alpacas and land) in a virtual environment. This represents a legitimate exchange of digital assets and creation of utility through entertainment and social interaction.
Sharia Considerations
The primary activities within Alpaca City involve trading digital assets and participating in a virtual world, which are permissible activities from an Islamic finance perspective. The project does not involve interest-bearing mechanisms, gambling elements, or prohibited industries.
Crypto Impact
To assign a comfort level investing in Alpaca City 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 Alpaca City.
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.