Fabwelt
Crypto Overview
Overview
Fabwelt is a gaming platform built on blockchain technology that aims to integrate traditional gaming with blockchain features. The WELT token serves as the native utility token of the Fabwelt ecosystem, used for governance, in-game purchases, and rewards.
Purpose and Utility
The intended purpose of WELT is to facilitate transactions within the Fabwelt gaming ecosystem, including game purchases, in-game assets, and participation in governance decisions. The token has actual utility within its designated ecosystem.
Business Model Analysis
The platform focuses on gaming and entertainment without involving prohibited activities like gambling or interest-based mechanisms. Games on the platform appear to be skill-based rather than chance-based.
Development and Adoption
The project shows ongoing development activity with regular updates to their gaming platform. While adoption remains limited, this is not a concern from a Sharia compliance perspective.
Token Distribution
The token distribution includes allocations for development, marketing, and ecosystem growth. There are vesting schedules in place for team tokens, indicating some protection against pump-and-dump schemes.
Platform Analysis
The core functionality revolves around gaming and digital asset ownership, which are permissible activities from an Islamic perspective. The platform does not facilitate interest-bearing mechanisms or gambling activities.
Crypto Impact
To assign a comfort level investing in Fabwelt 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 Fabwelt.
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.