BurgerCities

Halal Rating :
Questionable
Last Price $0.43 Last updated:
Rank 818
1D Change -1.19 %
Market Cap $25.64m
Circulating supply 59,860,978
Maximum supply 63,000,000

Crypto Overview

Categories
  • Decentralized Exchange (DEX) Token
  • DeFi
  • Gaming
  • Yield Farming
  • AMM
  • Arbitrum Ecosystem
  • BNB Chain

Overview

BurgerCities (BURGER) is a metaverse gaming platform built on the BNB Chain (formerly Binance Smart Chain) that combines GameFi and SocialFi elements. The project aims to create an interactive virtual world where players can own virtual land, build restaurants, and participate in various gaming activities.

Intended Utility

The BURGER token serves multiple purposes within the ecosystem: governance rights for protocol decisions, in-game currency for purchases and transactions, staking rewards, and access to special features in the metaverse.

Actual Utility and Adoption

The platform has demonstrated real utility through its virtual land sales and gaming features. Users can actually own and operate virtual businesses, particularly restaurants, in the metaverse environment. The project has maintained active development and regular updates to its platform.

Token Distribution and Governance

The token distribution appears relatively balanced, with defined allocations for development, marketing, and community initiatives. There are vesting periods in place for team tokens, which helps prevent dump scenarios. The project maintains transparency in its operations and token economics.

Revenue Model

The revenue model is primarily based on virtual land sales, in-game transactions, and marketplace fees. These activities involve actual exchange of value and asset ownership, rather than interest-bearing mechanisms.

Crypto Impact

To assign a comfort level investing in BurgerCities 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 BurgerCities.

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.

Justification for our Halal Rating