BLOCKLORDS
Crypto Overview
Purpose and Utility
BLOCKLORDS is a medieval grand strategy MMO game built on blockchain technology. The LRDS token serves as the primary governance and utility token within the BLOCKLORDS ecosystem, used for in-game purchases, trading of NFT assets, and participation in the game's governance decisions.
Business Model Analysis
The business model revolves around creating a play-to-own gaming ecosystem where players can truly own their in-game assets as NFTs and participate in the game economy. The model appears transparent with clear utility focused on gaming and digital asset ownership.
Real-World Adoption
The project is still in relatively early stages of development. While there is some active trading of the token, the primary game ecosystem is still being built out. The team has announced partnerships with various blockchain gaming platforms and continues to develop the core gaming infrastructure.
Platform Development
There is observable development activity on the platform, with regular updates to the gaming ecosystem and token utility implementation. The team maintains active communication through official channels regarding development progress.
Token Distribution
The token distribution appears to follow standard gaming token models with allocations for gameplay rewards, development, and ecosystem growth. Vesting schedules are in place for team tokens.
Additional Considerations
The core utility revolves around gaming and digital asset ownership, which are permissible activities from an Islamic perspective. The platform does not involve interest-bearing mechanisms or gambling elements in its core design. Game mechanics are skill-based rather than chance-based.
Crypto Impact
To assign a comfort level investing in BLOCKLORDS 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 BLOCKLORDS.
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.
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