DEAPcoin
Crypto Overview
Overview
DEAPcoin (DEP) is a utility token developed by Digital Entertainment Asset Pte. Ltd. (DEA) for their PlayMining ecosystem, which includes NFT gaming and digital content platforms.
Intended Utility
The primary intended utility of DEAPcoin is to serve as the native currency within the PlayMining ecosystem, enabling users to purchase NFTs, participate in games, and trade digital assets. The token is designed to facilitate transactions within their gaming platform and NFT marketplace.
Actual Utility
The token is actively used within the PlayMining ecosystem, particularly in their flagship game JobTribes and their NFT marketplace. Users can earn DEP tokens through gameplay (Play-to-Earn model) and spend them on platform services and NFTs.
Token Distribution and Founder Analysis
DEAPcoin's distribution includes allocations for the ecosystem, team, and public sale participants. The project maintains transparent documentation regarding token allocations and has established vesting schedules for team tokens.
Technology and Revenue Model
The platform generates revenue through NFT sales, gaming activities, and ecosystem transactions. The business model is based on facilitating digital asset ownership and gaming activities, which involve actual asset exchanges rather than gambling or interest-based mechanisms.
Crypto Impact
To assign a comfort level investing in DEAPcoin 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 DEAPcoin.
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.