Citadel
Crypto Overview
Overview and Purpose
Citadel (CTL) is a relatively new cryptocurrency project that aims to serve as a decentralized metaverse game token. The project intends to power a gaming ecosystem where players can own, trade, and utilize digital assets.
Intended Utility
The token is designed to facilitate in-game transactions, governance voting, and reward distribution within the Citadel gaming ecosystem. Players can use CTL to purchase in-game assets, participate in governance decisions, and earn rewards through gameplay.
Current Development and Usage
The project is in its early stages, with limited information available about actual implementation and usage. While the gaming platform is under development, the token primarily sees trading activity on decentralized exchanges.
Token Distribution and Governance
Information about token distribution and vesting schedules is limited in publicly available sources. The project maintains a presence on social media and gaming communities, though detailed technical documentation is sparse.
Evaluation of Business Model
The core business model of gaming and digital asset ownership aligns with halal principles, as it involves the exchange of actual digital assets and provides utility through gaming entertainment and digital property rights. The project does not appear to involve interest-bearing mechanisms, gambling features, or other prohibited activities.
Crypto Impact
To assign a comfort level investing in Citadel 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 Citadel.
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.