Era Token (Era7)
Crypto Overview
Purpose and Utility
Era7: Game of Truth is a competitive card game built on BNB Chain where ERA serves as the primary utility token. The token is used for governance, in-game purchases, tournament entry fees, and rewards within the Era7 gaming ecosystem.
Business Model Analysis
The business model centers around gaming and esports, with players using ERA tokens to participate in tournaments, purchase cards, and earn rewards through gameplay. The core activities involve skill-based gaming rather than chance-based gambling, which aligns with Islamic principles.
Real-World Adoption
The game has achieved notable adoption in the GameFi space, with active tournaments and regular player engagement. The ERA token maintains consistent trading volume across major exchanges, indicating regular utility-driven transactions.
Development Activity
The project demonstrates ongoing development with regular updates to the gaming platform, new card releases, and tournament implementations. The team maintains active communication through official channels and regularly implements community feedback.
Token Distribution
ERA tokens follow a structured distribution model with defined allocations for gameplay rewards, ecosystem development, and team tokens. Team tokens are subject to vesting periods, indicating commitment to long-term development rather than short-term profit-taking.
Revenue Model
The primary revenue streams come from legitimate gaming activities, tournament fees, and marketplace transactions. The project does not involve interest-bearing mechanisms or gambling-based features.
Crypto Impact
To assign a comfort level investing in Era Token (Era7) 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 Era Token (Era7).
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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