ChainGuardians
Crypto Overview
Project Overview
Chain Guardians is a blockchain gaming and NFT metaverse platform that combines gaming elements with NFT creation and trading. The CGG token serves as the platform's native utility token, used for governance, staking, and in-game transactions.
Intended Utility
The CGG token is designed to facilitate several key functions within the Chain Guardians ecosystem: governance rights for protocol decisions, staking for rewards, purchasing in-game items and NFTs, and accessing premium features in the gaming platform.
Actual Utility Assessment
The project shows active development and real-world usage in its gaming ecosystem. The platform maintains partnerships with various blockchain gaming projects and has demonstrated consistent updates to its technology stack. On-chain data indicates regular transaction activity for intended purposes like NFT trading and gaming interactions.
Token Distribution and Governance
The token distribution shows a relatively balanced allocation: 30% to the team and advisors (with vesting periods), 25% for ecosystem development, 20% for public sale, 15% for liquidity provision, and 10% for marketing and partnerships. Vesting schedules for team tokens extend over 24 months, indicating commitment to long-term development.
Development vs Marketing
Chain Guardians maintains an active GitHub repository with regular commits and updates. The project demonstrates a balanced approach between platform development and marketing efforts, with substantial resources allocated to both technical improvements and community building.
Crypto Impact
To assign a comfort level investing in ChainGuardians 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 ChainGuardians.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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