Dexioprotocol
Crypto Overview
Project Overview
Dexioprotocol is a cryptocurrency gaming and augmented reality (AR) platform that aims to bring blockchain technology to mobile gaming. The project's stated purpose is to create AR-based games where players can earn DEXIO tokens through gameplay.
Core Features and Utility
The protocol intends to offer: AR-based treasure hunting games, NFT creation and trading capabilities, and a gaming ecosystem where DEXIO serves as the primary utility token. The token is used for in-game purchases, rewards, and ecosystem governance.
Development Status
Recent analysis shows limited development activity on the project's public repositories. While the team has released some basic AR functionality, the full gaming ecosystem remains in early development stages.
Token Distribution and Governance
The project maintains a relatively standard token distribution model with allocations for development, marketing, and community rewards. No concerning concentration of tokens in founder wallets has been identified.
Current Usage
Current usage primarily revolves around trading on decentralized exchanges, with the gaming and AR features still in development. While adoption of the intended utility features remains limited, this is not inherently problematic from a Shariah compliance perspective.
Revenue Model
The project generates revenue through traditional gaming monetization methods like in-game purchases and NFT trading fees, which are permissible under Islamic finance principles as they involve actual exchange of digital assets.
Crypto Impact
To assign a comfort level investing in Dexioprotocol 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 Dexioprotocol.
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