Galaxy Heroes
Crypto Overview
Purpose and Utility
Galaxy Heroes is a BSC-based NFT gaming and collectibles platform launched in 2021. The project aims to create a play-to-earn gaming ecosystem where players can collect, trade, and battle with NFT characters.
Business Model Analysis
The platform's core functionalities include NFT trading, gaming elements, and token-based governance. The GHC token serves as the primary currency within the ecosystem for purchasing NFTs and participating in platform activities.
Real-World Adoption
Current adoption appears limited, with most activity centered around trading on decentralized exchanges. The gaming elements and NFT marketplace show minimal usage based on on-chain data.
Platform Development
Development activity appears sporadic based on public repositories and update frequency. The project's social media channels show limited recent updates about technical progress.
Token Distribution
Token distribution information is not readily available from official sources, making it difficult to assess concentration among founders and early investors.
Revenue Model
The project generates revenue through NFT sales and marketplace fees, which are permissible activities under Islamic finance principles as they involve actual asset exchange.
Crypto Impact
To assign a comfort level investing in Galaxy Heroes 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 Galaxy Heroes.
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.
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You can change your vote if you change your mind.