Binamon
Crypto Overview
Overview
Binamon is a digital gaming metaverse project built on the Binance Smart Chain (BSC). The project aims to create a play-to-earn gaming ecosystem where players can collect, trade, and battle with digital monsters called Binamons.
Purpose and Utility
The BMON token serves multiple functions within the Binamon ecosystem: It is used for purchasing in-game assets (Binamon monsters and items), participating in battles, and governance of the platform. The token also provides access to special features and events within the game.
Business Model Evaluation
The core business model revolves around gaming and digital asset ownership, which are permissible activities from an Islamic perspective. The platform does not involve interest-based mechanisms, gambling, or other prohibited activities. The gaming mechanics are skill-based rather than chance-based.
Development and Adoption
The project maintains active development, with regular updates to the gaming platform and marketplace. The team continues to release new features and gameplay elements. While user adoption remains modest, there is genuine utility in the form of actual gameplay and digital asset ownership.
Token Distribution
The token distribution includes allocations for the team, development, marketing, and community. While specific recent figures are not publicly available, the project maintains transparency regarding token allocation and uses.
Crypto Impact
To assign a comfort level investing in Binamon 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 Binamon.
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.