Genopets
Crypto Overview
Project Overview
Genopets is a move-to-earn NFT game built on Solana that combines elements of virtual pet games with real-world physical activity tracking. Users can earn cryptocurrency rewards for staying active in the real world while nurturing and evolving their digital pet (Genopet).
Intended Utility
The GENE token serves multiple purposes within the Genopets ecosystem: It's used for crafting in-game items, evolving Genopets, purchasing habitats, and participating in the game's governance system. The token is also used to reward players for their physical activity and game participation.
Business Model Analysis
The core business model revolves around incentivizing physical activity and gaming through token rewards. Players can earn tokens through movement and gameplay, while spending them on in-game assets and activities. The platform generates revenue through marketplace fees and asset creation costs.
Development and Adoption
The project has shown consistent development activity on their GitHub repository and regular updates to their platform. While exact user numbers aren't publicly available, the game has maintained an active community and continues to implement new features and gameplay elements.
Token Distribution
The token distribution includes allocations for the team, advisors, and early investors with standard vesting periods. The project maintains transparency regarding token allocations and vesting schedules through their documentation.
Revenue Model Assessment
The revenue model primarily relies on marketplace fees and asset creation costs, avoiding interest-based mechanisms or gambling elements. The game's move-to-earn mechanism provides clear value exchange between users and the platform.
Crypto Impact
To assign a comfort level investing in Genopets 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 Genopets.
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.