Chumbi Valley
Crypto Overview
Overview
Chumbi Valley is a blockchain-based game project that features NFT creatures called Chumbis in a play-to-earn ecosystem. The CHMB token serves as the in-game currency and governance token for the Chumbi Valley metaverse.
Purpose and Utility
The intended purpose of CHMB is to facilitate in-game transactions, including purchasing items, trading Chumbi NFTs, and participating in the game's ecosystem. The token also provides governance rights to holders.
Business Model Analysis
The game focuses on collecting, breeding, and battling Chumbi creatures, similar to popular monster-collection games. Players can earn CHMB tokens through gameplay, trading NFTs, and participating in various in-game activities. The model appears transparent and doesn't involve inherently prohibited activities like gambling or interest-based mechanisms.
Platform Development and Activity
The project is still in development, with ongoing updates to the game mechanics and ecosystem. The development team maintains regular communication through official channels and social media.
Token Distribution
The token distribution includes allocations for gameplay rewards, development team, marketing, and ecosystem growth. Specific vesting schedules are in place for team tokens to prevent immediate selling.
Crypto Impact
To assign a comfort level investing in Chumbi Valley 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 Chumbi Valley.
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.