CryptoMines

Overview

CryptoMines is a science fiction-themed NFT game built on the Binance Smart Chain where players can earn ETERNAL tokens through gameplay. The project launched in 2021.

Purpose and Utility

The ETERNAL token is designed to serve as the in-game currency for the CryptoMines ecosystem. Players can use it to purchase spaceships and workers (NFTs), participate in missions, and trade assets within the game. The token also provides governance rights over the protocol's development.

Business Model

The game employs a play-to-earn model where users can earn ETERNAL tokens through successful completion of mining missions. Players must first purchase NFT workers and spaceships to participate. The economy is built around the mining and trading of these assets.

Real-World Adoption

The project has experienced significant fluctuations in its user base since launch. Current activity levels are relatively low compared to its peak, but the game continues to maintain an active, though small, player base.

Development Activity

While development updates have been sporadic, the team continues to maintain the platform and implement occasional improvements. The project's GitHub repository shows periodic updates to the game's smart contracts and functionality.

Token Distribution

The initial token distribution included allocations for the team, development fund, and public sale participants. The team's tokens were subject to a vesting schedule to prevent immediate selling.

Revenue Model Analysis

The primary revenue streams come from NFT sales and marketplace fees, which are permissible under Islamic finance principles as they represent actual asset exchanges and service fees. The game does not involve interest-bearing mechanisms or gambling elements in its core gameplay.