Battle World

Halal Rating :
Questionable
Last Price $0.00 Last updated:
Rank 1654
1D Change 6.71 %
Market Cap $3.07m
Circulating supply 925,230,426
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • Collectibles & NFTs
  • Gaming
  • Play To Earn

Project Overview

Battle World (BWO) is a Web3 gaming ecosystem platform on the BNB Chain that aims to combine gaming with cryptocurrency elements. The project is designed as a play-to-earn gaming platform where players can engage in various game modes, earn rewards, and trade in-game assets.

Intended Utility

The BWO token serves multiple purposes within the Battle World ecosystem: governance rights for token holders, in-game currency for transactions, rewards for gameplay achievements, and staking opportunities. The platform aims to create a sustainable gaming economy where players can earn while playing.

Actual Utility Assessment

The project has launched its initial gaming features and maintains active development. The BWO token is actively used for its intended purposes within the gaming ecosystem, particularly for in-game transactions and rewards. On-chain data shows regular transaction activity related to gaming operations.

Token Distribution and Governance

The token distribution appears structured with defined allocations for development, marketing, and ecosystem growth. The project implements vesting periods for team tokens and strategic investors, indicating measures to prevent sudden selling pressure. The development team is identifiable and maintains regular communication through official channels.

Technical Infrastructure

Battle World operates on the BNB Chain, utilizing smart contracts for gameplay mechanics and reward distribution. The platform's technical architecture focuses on gaming functionality rather than financial speculation.

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.

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Justification for our Halal Rating