EscoinToken
Crypto Overview
Purpose and Utility Analysis
EscoinToken (ELG) is a cryptocurrency that operates as the utility token of EsportsBattle, an esports focused platform. The token serves as a payment method for tournaments, player rewards, and governance within the EsportsBattle ecosystem.
Business Model Assessment
The platform's business model centers around esports competitions and gaming, allowing users to participate in tournaments and earn rewards. The core activities involve skill-based gaming competitions rather than chance-based gambling.
Real-World Adoption
ELG has demonstrated modest adoption within its intended ecosystem. The token is actively used for tournament entry fees and reward distributions on the EsportsBattle platform.
Platform Development
The project maintains regular development activity with continuous updates to the EsportsBattle platform. The focus appears to be on expanding tournament offerings and improving user experience.
Token Distribution
Token distribution information shows a structured allocation with vesting periods for team members and early investors, suggesting measures to prevent market manipulation.
Crypto Impact
To assign a comfort level investing in EscoinToken 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 EscoinToken.
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.