DeFi Warrior (FIWA)
Crypto Overview
Overview
DeFi Warrior is a blockchain-based game that combines NFT collecting, trading, and battling mechanics with DeFi elements. The FIWA token serves as the primary utility token within the game's ecosystem.
Purpose and Utility
The token's intended purpose is to serve as the in-game currency for the DeFi Warrior game, enabling players to purchase NFT characters, trade assets, and participate in the game's economy. FIWA is also used for governance voting within the platform.
Business Model
The project generates revenue through NFT sales, marketplace fees, and game-related transactions. The core business model revolves around gaming and digital asset trading, which are permissible activities from an Islamic perspective as they involve the exchange of actual digital assets.
Real-World Adoption
The project has shown limited adoption since its launch. Trading volumes and user activity have remained relatively low, though this is not inherently problematic from a Shariah compliance perspective.
Platform Development
Development activity appears to be ongoing, though at a modest pace. The team maintains regular updates to the gaming platform and NFT marketplace.
Token Distribution
The token distribution includes allocations for the team, development, marketing, and public sale. While specific details about vesting schedules are limited, this structure is common for gaming tokens and does not raise significant concerns.
Crypto Impact
To assign a comfort level investing in DeFi Warrior (FIWA) 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 DeFi Warrior (FIWA).
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.