GameCredits
Crypto Overview
Overview
GameCredits (GAME) was launched in 2014 as a cryptocurrency specifically designed for the gaming industry. It aimed to provide a payment solution for game developers and players, allowing for in-game purchases and rewards.
Purpose and Utility
The intended purpose of GameCredits was to serve as a payment method within gaming ecosystems, offering lower transaction fees compared to traditional payment methods and providing a unified currency for gaming transactions. The project aimed to develop a mobile game store where GAME tokens would be the primary payment method.
Current Status and Development
As of 2024, GameCredits appears to have minimal development activity and limited real-world adoption. The original gaming store initiative seems to have been discontinued, and the project's social media channels and official communications have been largely inactive.
Token Distribution and Ecosystem
The token operates on the Ethereum blockchain as an ERC-20 token. Information about current token distribution and team involvement is limited due to the project's reduced activity level.
Technical Assessment
The cryptocurrency retains its basic functionality as a transferable digital asset, enabling peer-to-peer transactions. However, its specialized gaming utility appears to have not materialized as originally intended.
Crypto Impact
To assign a comfort level investing in GameCredits 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 GameCredits.
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.