Demole
Crypto Overview
Overview
Demole (DMLG) is a blockchain gaming project focused on creating a play-to-earn NFT-based gaming ecosystem. The project aims to combine NFT gaming with DeFi elements.
Purpose and Utility
The DMLG token serves as the primary utility token within the Demole ecosystem, used for: Purchasing in-game items and NFTs, Governance participation in the Demole DAO, Staking rewards, Game rewards.
Business Model Analysis
The project's core business model revolves around gaming and NFT trading. While gaming itself is permissible in Islam when not involving gambling elements, the project's implementation raises some concerns due to its heavy focus on chance-based reward mechanisms and speculation-driven gameplay.
Adoption and Usage
Current adoption appears limited, with most token activity centered around trading rather than actual gameplay. The project's development activity has been minimal in recent months, suggesting possible stagnation.
Platform Development
The development progress has shown limited updates and improvements. The promised gaming features and ecosystem components remain largely underdeveloped.
Token Distribution
Token distribution information is not fully transparent, with limited public information about founder allocations and vesting schedules.
Crypto Impact
To assign a comfort level investing in Demole 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 Demole.
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.