Cryptomeda
Crypto Overview
Overview
Cryptomeda is a blockchain-based gaming and NFT ecosystem that aims to combine gaming, NFTs, and decentralized finance elements. The TECH token serves as the native utility token of the platform.
Purpose and Utility
The TECH token is designed to serve multiple functions within the Cryptomeda ecosystem: governance rights, in-game currency, NFT marketplace transactions, and staking rewards.
Business Model Analysis
The project focuses on gaming and NFT trading, which are permissible activities from an Islamic perspective as they involve the exchange of real digital assets and utilities. The platform does not appear to facilitate gambling or interest-based lending.
Development and Adoption
The project shows limited recent development activity on public repositories. The ecosystem appears to have minimal current adoption, though this is not inherently problematic from a Shariah compliance perspective.
Token Distribution
Information about token distribution and vesting schedules is limited in public sources. This lack of transparency is noted but does not automatically indicate Shariah non-compliance.
Revenue Model
The revenue model appears to be primarily based on NFT trading fees and gaming activities, which are halal as they involve the exchange of actual digital assets and provide utility to users.
Crypto Impact
To assign a comfort level investing in Cryptomeda 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 Cryptomeda.
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.