Ethlas
Crypto Overview
Purpose and Utility
Ethlas is a Play-to-Earn (P2E) gaming platform built on the Polygon network. The ELS token is designed to serve as the governance and utility token within the Ethlas gaming ecosystem. The stated purpose includes facilitating in-game purchases, rewards distribution, and platform governance.
Business Model and Platform Activity
The platform aims to create blockchain-based casual games. The ELS token is used for purchasing in-game items, character upgrades, and participating in the game ecosystem. While the gaming aspect itself appears halal, there are concerns about certain game mechanics that may resemble gambling-like features in some of their games.
Real World Adoption
The platform has shown limited adoption since its launch. While there are some active users, the primary utility appears to be concentrated in trading rather than genuine gaming activity.
Token Distribution and Founder Analysis
Information about token distribution and vesting schedules is not readily available in a transparent manner. The team behind the project is known, but detailed information about token allocations is limited.
Additional Considerations
The platform includes some gaming mechanics that could be considered similar to gambling in certain games. While not all games on the platform raise concerns, some specific game features appear to rely heavily on chance-based mechanics with monetary rewards.
Crypto Impact
To assign a comfort level investing in Ethlas 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 Ethlas.
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.