BattleFly
Crypto Overview
Purpose and Utility
BattleFly is a blockchain game built on the Arbitrum network where players can collect, breed, and battle with digital NFT moths called BattleFlys. GFLY serves as the game's utility and governance token.
Business Model Analysis
The project generates revenue through NFT sales, marketplace fees, and battle entry fees. The primary utility of GFLY includes: staking for rewards, governance voting, breeding costs, and battle entry fees. The business model appears transparent and doesn't involve prohibited activities like gambling (battles are skill-based), interest-bearing mechanisms, or adult content.
Real-World Adoption
The game has an active player base on Arbitrum, with regular battles and breeding activities occurring. On-chain data shows consistent transaction volume for both the GFLY token and BattleFly NFTs.
Development Activity
The project maintains regular updates and improvements to the gaming platform. The development team actively engages with the community through Discord and regularly implements community feedback.
Token Distribution
GFLY has a transparent token distribution model with vesting periods for team allocations. Team tokens are subject to a vesting schedule, reducing the risk of sudden selling pressure from insiders.
Crypto Impact
To assign a comfort level investing in BattleFly 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 BattleFly.
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.