Elemon
Crypto Overview
Overview
Elemon is a play-to-earn NFT game built on the Binance Smart Chain (BSC). The project combines gaming with NFT collecting and blockchain technology, where players can collect, train, and battle with creatures called Elemons.
Purpose and Utility
The ELMON token serves as the primary utility token within the Elemon ecosystem. Its main purposes include: purchasing in-game items, participating in battles, breeding Elemons, and governance participation. The token has maintained its intended gaming utility focus since launch.
Business Model Analysis
The project operates as a blockchain-based game with clear utility purposes. The revenue model primarily comes from: NFT sales, marketplace fees, and breeding fees. The business model appears transparent and doesn't involve prohibited activities like gambling or interest-based lending.
Real-World Adoption
While the game has an active user base, specific metrics about daily active users and transaction volumes are limited. The project maintains regular updates and community engagement through their official channels.
Development Activity
The development team remains active with regular updates to the game and platform. The project's GitHub repositories show consistent commits, indicating ongoing technical development.
Token Distribution
Based on available data, the token distribution appears reasonably balanced between the team, development fund, and public circulation. Vesting schedules are in place for team allocations, showing consideration for long-term project sustainability.
Crypto Impact
To assign a comfort level investing in Elemon 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 Elemon.
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.