Battle World

Halal Rating :
Questionable
Last Price $0.00 Last updated:
Rank 1565
1D Change 9.12 %
Market Cap $2.92m
Circulating supply 907,893,179
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • Collectibles & NFTs
  • Gaming
  • Play To Earn

Project Overview

Battle World (BWO) is a blockchain gaming ecosystem that combines play-to-earn mechanics with NFT functionality. The project aims to create an immersive gaming experience where players can earn rewards through gameplay and trading of in-game assets.

Intended Utility

The BWO token serves as the primary currency within the Battle World ecosystem, used for: purchasing in-game items and NFTs, participating in gameplay activities, and governance voting on platform decisions. The token also provides staking opportunities for holders to earn passive rewards from platform revenue.

Actual Utility Assessment

The project shows limited real-world adoption with relatively low daily active users. While the gaming platform is operational, the majority of token activity appears to be speculative trading rather than actual gameplay utility. The development team maintains regular updates to the platform, though at a slower pace than initially promised.

Token Distribution Analysis

The token distribution raises some concerns: 30% allocated to the founding team and advisors, 20% for private sale investors, 25% for platform development, 15% for marketing, and only 10% for public sale. Team tokens have a 12-month vesting period with quarterly unlocks.

Technical Implementation

The platform operates on a standard ERC-20 smart contract with additional gaming-specific functionalities. The staking mechanism appears to be based on revenue sharing rather than interest-bearing principles, which aligns with Islamic finance principles.

Crypto Impact

To assign a comfort level investing in Battle World 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 Battle World.

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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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

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Justification for our Halal Rating