Hydraverse
Crypto Overview
Overview
Hydraverse (HDV) is a blockchain-based gaming token that aims to create an ecosystem of games where players can earn rewards through playing and participating in the ecosystem. The project intends to build a metaverse gaming platform with various play-to-earn games.
Purpose and Utility
The HDV token serves as the native currency within the Hydraverse ecosystem, used for: Purchasing in-game items and NFTs, Staking for rewards, Governance participation in the DAO, Trading between players.
Business Model Analysis
The platform generates revenue through: Game asset sales, Transaction fees within the ecosystem, NFT marketplace fees. The core business model involves creating legitimate gaming experiences where users can participate in non-gambling activities.
Development and Adoption
The project shows ongoing development activity with regular updates to their platform and games. While adoption is still in early stages, this does not impact halal classification.
Token Distribution
Token distribution information shows standard vesting schedules for team members and early investors, with no concerning concentration of tokens.
Platform Features
The ecosystem includes: Non-gambling based games, NFT marketplace for in-game assets, Staking mechanism for platform participation, Governance system for community decisions.
Crypto Impact
To assign a comfort level investing in Hydraverse 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 Hydraverse.
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.