Elumia Krystal Shards
Crypto Overview
Overview
Elumia Krystal Shards (EKS) appears to be a cryptocurrency token associated with Elumia, a blockchain-based multiplayer online role-playing game (MORPG). The token is intended to serve as the in-game currency and utility token within the Elumia game ecosystem.
Purpose and Utility
EKS is designed to be used for in-game transactions, including purchasing virtual items, trading assets, and participating in the game's economy. Players can earn EKS through gameplay activities and use them within the game's marketplace.
Business Model Assessment
The project appears to focus on gaming and virtual asset trading, which are permissible activities under Islamic principles as they involve the exchange of real digital assets and provide actual utility to users. The game does not appear to include explicit gambling mechanics or interest-based systems.
Development and Adoption
Information about current development activity and actual usage metrics is limited. While this makes it difficult to assess the level of real-world adoption, this limitation does not affect its Shariah compliance status.
Token Distribution
Specific details about token distribution and vesting schedules are not readily available. However, the token appears to be primarily focused on gaming utility rather than speculation.
Crypto Impact
To assign a comfort level investing in Elumia Krystal Shards 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 Elumia Krystal Shards.
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.
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