ArcadeNetwork
Crypto Overview
Overview
Arcade Network is a blockchain gaming ecosystem that aims to enable cross-metaverse asset transfers and interoperability between different blockchain games. The ARC token serves as the native utility token for the platform.
Purpose and Utility
The stated purpose of ARC includes: governance rights for protocol decisions, facilitating cross-game asset transfers, and serving as the primary currency within the Arcade Network ecosystem. The token is designed to power transactions in their NFT marketplace and enable participation in the platform's gaming features.
Current Development and Usage
While the project maintains an active development presence, actual adoption and usage of the platform's features appear limited. The team continues to work on partnerships with gaming projects and metaverse platforms.
Token Distribution and Governance
The token distribution includes allocations for the team, development fund, community rewards, and public sale participants. Team tokens are subject to a vesting schedule to align long-term interests.
Revenue Model
The platform generates revenue through marketplace fees from NFT trading and cross-game asset transfers. These activities involve real asset exchanges and don't rely on interest-bearing mechanisms.
Crypto Impact
To assign a comfort level investing in ArcadeNetwork 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 ArcadeNetwork.
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.