Geopoly

Overview

Geopoly is a location-based Play-to-Earn game built on the Polygon blockchain where players can acquire virtual properties tied to real-world locations. Players can become virtual landlords, collect rent from their properties, and participate in an in-game economy.

Purpose & Utility

The primary utility of GEO$ is to serve as the in-game currency for Geopoly. It's used for purchasing virtual properties, collecting rent, and participating in the game's economy. The token has real utility within the game's ecosystem, representing ownership of virtual assets tied to physical locations.

Business Model Assessment

The core business model revolves around virtual real estate ownership and management, which aligns with halal principles as it involves actual asset ownership and value exchange. The game does not involve gambling, interest-based lending, or prohibited activities. All transactions are transparent and recorded on the blockchain.

Real-World Adoption

The project is in its early stages with a growing user base. While adoption is currently limited, this doesn't impact its Sharia compliance assessment. The platform has demonstrated real usage for its intended purpose of virtual property ownership and management.

Development Activity

The project maintains regular updates and development activity. The team continues to enhance the platform's features and functionality, showing commitment to the project's long-term vision.

Token Distribution

The token distribution includes allocations for gameplay rewards, development, and team members with appropriate vesting periods. While detailed vesting information is limited, the structure appears designed for long-term project sustainability rather than short-term profit-taking.