GameStop (gamestopeth.io)
Crypto Overview
Project Overview
GameStop (GSTOP) is a blockchain gaming token launched in July 2023 on the Ethereum network. The project aims to create a decentralized gaming ecosystem that rewards players and content creators.
Purpose and Utility
The primary intended utility of GSTOP is to serve as a governance and utility token within their gaming ecosystem. Token holders can participate in governance decisions and use GSTOP for in-game transactions.
Business Model Analysis
The project focuses on gaming and digital content creation, which are permissible activities under Islamic principles. There is no evidence of involvement in gambling, interest-based lending, or other prohibited activities.
Real-World Adoption
The project is in its early stages, with limited but growing adoption. On-chain data shows active trading and increasing holder count, though utility features are still being developed.
Development Activity
The development team maintains regular updates and community engagement through their official channels. The project's GitHub repository shows consistent development activity.
Token Distribution
Token distribution appears reasonably balanced with clear vesting schedules for team allocations. Major wallets are publicly identified and follow announced vesting schedules.
Revenue Model
The project generates revenue through transaction fees and ecosystem services, which align with Islamic finance principles as they represent exchange of actual value and services.
Crypto Impact
To assign a comfort level investing in GameStop (gamestopeth.io) 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 GameStop (gamestopeth.io).
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.