GameFi.org

Halal Rating :
Questionable
Last Price $3.11 Last updated:
Rank 727
1D Change -3.79 %
Market Cap $34.05m
Circulating supply 10,945,063
Maximum supply None

Crypto Overview

Categories
  • Gaming
  • Launchpad
  • Metaverse
  • PolkaFoundry Red Kite
  • Play To Earn
  • Icetea Labs
  • Animoca Brands Portfolio

Project Overview

GameFi.org presents itself as a gaming and NFT aggregator platform that aims to streamline access to blockchain gaming opportunities. The platform provides a launchpad for blockchain games, NFT marketplace integration, and tools for gamers to discover and participate in various Play-to-Earn opportunities.

Intended Utility

The GAFI token serves multiple purposes within the GameFi.org ecosystem: governance rights for platform decisions, access to exclusive gaming opportunities, staking for platform benefits, and participation in the platform's launchpad offerings.

Actual Utility Assessment

The platform demonstrates active usage with regular game launches and NFT trading activity. On-chain data shows consistent transaction volume, particularly in its launchpad and marketplace features. The development team maintains regular updates to the platform's infrastructure and has established partnerships with various blockchain gaming projects.

Token Distribution and Governance

The token distribution shows a significant portion allocated to the team and advisors (20%), with vesting periods implemented. The platform utilizes a DAO structure for governance, with token holders able to participate in decision-making processes. Marketing efforts appear balanced with development activities, with substantial focus on platform improvement and user experience enhancement.

Revenue Model Analysis

The platform generates revenue through launchpad fees, marketplace transactions, and staking services. While staking is present, it appears to function more as a governance mechanism rather than a pure interest-bearing system.

Crypto Impact

To assign a comfort level investing in GameFi.org 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 GameFi.org.

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Justification for our Halal Rating