Heroes of NFT
Crypto Overview
Overview
Heroes of NFT (HON) is a cryptocurrency token that serves as the native token for the Heroes of NFT ecosystem, a blockchain gaming platform focused on NFT-based gameplay and metaverse experiences.
Purpose and Utility
The token's primary utility includes: governance rights in the Heroes of NFT DAO, in-game currency for purchasing NFTs and items within the game ecosystem, staking for rewards, and marketplace transactions.
Business Model Analysis
The project's business model centers around creating a gaming ecosystem where players can own, trade, and utilize digital assets in the form of NFTs. The platform generates revenue through marketplace fees and NFT sales, which appears to align with halal principles as it involves genuine asset exchange and value creation.
Development and Adoption
The project shows ongoing development activity with regular updates to their gaming platform and NFT marketplace. While adoption metrics are modest, there is evidence of active usage within their ecosystem.
Token Distribution and Governance
The token distribution includes allocations for development (30%), community rewards (25%), team (15%), marketing (15%), and liquidity (15%). Team tokens have a vesting schedule extending over 24 months, suggesting commitment to long-term development.
Revenue Model
The revenue model is based on legitimate business activities including NFT sales, marketplace fees, and gaming ecosystem transactions. These activities involve actual asset exchange and don't rely on interest-bearing mechanisms or gambling.
Crypto Impact
To assign a comfort level investing in Heroes of NFT 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 Heroes of NFT.
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.