HOBO UNIVERSE
Crypto Overview
Overview
HOBO Universe is a cryptocurrency project that aims to create a play-to-earn gaming ecosystem focused on NFTs and metaverse elements. The HOBO token serves as the native currency within this ecosystem.
Purpose and Utility
The stated purpose of HOBO is to power transactions within their gaming universe, including NFT trading, in-game purchases, and rewards for players. The project intends to build multiple games where HOBO serves as the primary medium of exchange.
Business Model Evaluation
The core business model focuses on gaming and digital asset ownership, which are permissible activities from an Islamic perspective. The project does not involve interest-bearing mechanisms or gambling elements in its core functionality.
Real-World Adoption
The project is in its early stages, with limited current adoption. While the gaming platform is still under development, the token can be traded on decentralized exchanges where actual ownership transfer occurs.
Development Activity
The development team maintains an active GitHub repository and regularly updates their community through social media channels. The project roadmap indicates ongoing development of gaming features and NFT marketplace functionality.
Token Distribution
The token distribution shows a fair allocation with vesting periods for team tokens, suggesting a long-term commitment to the project rather than a short-term enrichment scheme.
Crypto Impact
To assign a comfort level investing in HOBO UNIVERSE 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 HOBO UNIVERSE.
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.