Gene
Crypto Overview
Overview
Gene (GENE) is the native token of Genopets, which claims to be the world's first move-to-earn NFT game built on the Solana blockchain. The project combines elements of gaming, fitness tracking, and digital pet raising.
Purpose and Utility
GENE serves multiple functions within the Genopets ecosystem: governance rights for protocol decisions, crafting and evolving Genopet NFTs, purchasing in-game items, and accessing various game features. The token is actively used for its intended purposes within the game ecosystem.
Business Model Analysis
The business model revolves around incentivizing physical activity through gamification. Users can earn rewards by being active and taking care of their digital pets. The model appears transparent and doesn't involve any inherently prohibited activities.
Development and Adoption
The project shows consistent development activity with regular updates to the gaming platform. The team maintains active communication through official channels and continues to expand game features.
Token Distribution
Initial token distribution included allocations for team members, advisors, and early investors with vesting periods. The project maintains transparency regarding token economics and distribution schedules.
Crypto Impact
To assign a comfort level investing in Gene 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 Gene.
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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