Cool Cats MILK
Crypto Overview
Overview
MILK is the utility token for the Cool Cats NFT ecosystem, launched in 2022. The token is built on the Ethereum blockchain and serves multiple purposes within the Cool Cats ecosystem.
Purpose and Utility
MILK token's primary utility is to serve as the in-game currency for Cool Cats' gaming ecosystem, particularly in Cooltopia. Users can earn MILK through various gameplay activities and spend it on in-game items, character upgrades, and participation in ecosystem events.
Business Model Analysis
The business model centers around gaming and digital collectibles, with MILK serving as the medium of exchange within this ecosystem. The token facilitates legitimate trading of digital assets and gaming activities without involving prohibited elements like gambling or interest-based transactions.
Real-World Adoption
The token is actively used within the Cool Cats ecosystem, primarily by NFT holders and game participants. While adoption is currently limited to the Cool Cats community, this does not affect its Sharia compliance status.
Development Activity
The project maintains regular development updates and community engagement through their official channels. The team continues to expand the utility of MILK within their ecosystem through new features and gaming experiences.
Token Distribution
MILK's distribution includes allocations for community rewards, development team, and ecosystem growth. The token employs vesting schedules for team allocations to ensure long-term alignment of interests.
Crypto Impact
To assign a comfort level investing in Cool Cats MILK 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 Cool Cats MILK.
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.