Exeedme
Crypto Overview
Overview
Exeedme is a blockchain-powered gaming platform that aims to allow gamers to monetize their skills through competitions and tournaments. The platform utilizes the XED token as its native cryptocurrency for rewards, governance, and platform interactions.
Intended Utility
The XED token is designed to serve multiple functions within the Exeedme ecosystem: governance rights for token holders, staking mechanisms for tournament creation and participation, rewards distribution for gaming achievements, and platform fee payments.
Actual Utility and Implementation
The platform has launched with initial gaming offerings and tournaments, primarily focused on competitive gaming. The ecosystem includes NFT integration for in-game assets and achievements. Development activity appears consistent, with regular updates to the platform's infrastructure.
Token Distribution and Governance
The token distribution includes allocations for team members, advisors, and early investors with standard vesting periods. The project maintains transparency regarding token allocation and usage.
Technology and Revenue Model
The platform generates revenue through tournament fees and NFT transactions, which are permissible under Islamic finance principles as they represent exchange of actual digital assets and services. The staking mechanism is used for platform functionality rather than interest generation.
Industry Focus
The primary focus on competitive gaming and skill-based tournaments aligns with halal principles as it involves genuine competition and skill rather than chance-based gambling. The platform explicitly prohibits gambling-style games.
Crypto Impact
To assign a comfort level investing in Exeedme 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 Exeedme.
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.