Babylons
Crypto Overview
Overview
Babylons is a blockchain gaming platform that aims to create a gaming NFT marketplace and launchpad. The BABI token serves as the native utility token of the Babylons ecosystem.
Purpose and Utility
The BABI token is designed to facilitate transactions within the Babylons gaming ecosystem, including NFT trading, marketplace fees, and governance participation. Token holders can use BABI for trading NFTs, participating in game launches, and voting on platform decisions.
Business Model Assessment
The platform focuses on gaming and NFT trading, which are permissible activities as they involve actual asset ownership and transfer. The marketplace takes a commission from NFT trades, which represents a legitimate revenue model based on facilitating real transactions.
Development and Adoption
The project shows ongoing development activity, though current adoption levels appear limited. The platform maintains active social media presence and continues to work on expanding its gaming ecosystem.
Token Distribution
According to available data, the token distribution includes allocations for the team, development, and community rewards. Team tokens appear to have standard vesting schedules to prevent immediate selling.
Revenue Model Analysis
The revenue model is based on legitimate business activities including marketplace fees from NFT trading and gaming asset transactions. These activities involve real asset exchange and value creation, not zero-sum gambling.
Crypto Impact
To assign a comfort level investing in Babylons 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 Babylons.
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.