Ethermon
Crypto Overview
Overview
Ethermon is a blockchain-based gaming project built on Ethereum that combines NFT collectibles with gameplay elements. Players can collect, train, and battle digital monsters called Mons in a Pokemon-inspired universe.
Purpose and Utility
The EMON token serves as the primary utility token within the Ethermon ecosystem. Its stated purposes include: governance rights for game development decisions, rewards for players participating in battles and tournaments, and purchasing in-game items and Mons NFTs.
Business Model Evaluation
The core business model revolves around gaming and digital collectibles. The platform generates revenue through NFT sales, marketplace fees, and tournament entry fees. The fundamental activities (gaming, collecting, trading) do not inherently conflict with Islamic principles as they involve actual asset exchange and utility.
Real-World Adoption
The project has demonstrated consistent activity since its launch, though with varying levels of engagement. The game maintains an active player base, with regular tournaments and trading activity on its marketplace.
Development Activity
The development team regularly updates the platform with new features and gameplay elements. The project maintains an active GitHub repository and regularly communicates updates through official channels.
Token Distribution
EMON has a transparent token distribution model with defined allocations for gameplay rewards, development, and team tokens. Team tokens have vesting periods to ensure long-term alignment with project goals.
Crypto Impact
To assign a comfort level investing in Ethermon 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 Ethermon.
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.