Gamium

Halal Rating :
Questionable
Last Price $0.00 Last updated:
Rank 1234
1D Change 7.90 %
Market Cap $7.35m
Circulating supply 49,011,721,119
Maximum supply None

Crypto Overview

Categories
  • Collectibles & NFTs
  • DeFi
  • Interoperability
  • Staking
  • DAO
  • Governance
  • Metaverse
  • DAO Maker

Project Overview

Gamium is a Web3 project that aims to create a decentralized social metaverse powered by its native token GMM. The platform allows users to create digital identities through 'Gamium ID' and interact in virtual environments.

Intended Utility

The GMM token serves multiple purposes within the Gamium ecosystem: governance rights, metaverse transactions, staking rewards, and access to premium features. Users can create and monetize digital content, participate in virtual experiences, and engage in peer-to-peer interactions.

Actual Utility Assessment

Current usage appears primarily focused on speculative trading rather than the intended metaverse utility. While the platform has released basic functionality for digital identities, the promised features like virtual land ownership and robust metaverse experiences are still in development.

Token Distribution Analysis

The token distribution shows a concerning pattern with significant allocations to team and private investors. Initial token release schedules were relatively short, potentially enabling quick profit-taking by early participants. The project's marketing efforts have been notably aggressive compared to visible development progress.

Technical Implementation

The project runs on the Polygon network, providing a technically sound foundation. However, development activity metrics show inconsistent progress, with long periods of limited GitHub activity.

Crypto Impact

To assign a comfort level investing in Gamium 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 Gamium.

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Justification for our Halal Rating