Ancient Kingdom
Crypto Overview
Project Overview
Ancient Kingdom (DOM) is a gaming-focused cryptocurrency project that aims to serve as the in-game currency for their play-to-earn medieval-themed game. The token is built on the BNB Chain (formerly BSC).
Purpose and Utility
The stated purpose of DOM is to function as the primary currency within the Ancient Kingdom gaming ecosystem. Players can use DOM tokens to purchase in-game assets, participate in gameplay activities, and trade virtual items.
Business Model Analysis
The project's business model centers around gaming and virtual asset ownership, which are permissible activities from an Islamic perspective. The game does not involve gambling mechanisms or interest-based systems. Players earn tokens through gameplay and can trade virtual assets.
Development and Adoption
The project appears to be in early stages with limited development activity visible on public repositories. The game is still under development, with basic features implemented.
Token Distribution
Token distribution information and vesting schedules for the team and early investors are publicly available through their documentation. The team's allocation appears to have standard vesting periods to align long-term interests.
Technology Stack
The project utilizes standard blockchain gaming infrastructure without any lending or interest-bearing mechanisms. The smart contracts focus on basic token transfers and NFT functionality for in-game assets.
Crypto Impact
To assign a comfort level investing in Ancient Kingdom 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 Ancient Kingdom.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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