ITSBLOC
Crypto Overview
Overview
ITSBLOC is a blockchain gaming platform token launched in 2022 that aims to be a bridge between traditional gaming and Web3 gaming. The platform focuses on providing infrastructure for game developers to integrate blockchain technology into their games.
Purpose and Utility
The primary stated purpose of ITSB is to serve as the native utility token of the ITSBLOC gaming ecosystem. It is designed to facilitate transactions within the platform's gaming marketplace, enable participation in governance decisions, and reward users for platform engagement.
Business Model Analysis
The platform's core business model revolves around gaming infrastructure and does not inherently involve any prohibited activities like gambling, interest-based lending, or adult content. The token is primarily used for legitimate gaming ecosystem transactions and governance.
Development and Adoption
The project shows ongoing development activity with regular updates to their platform. While adoption remains limited, the project maintains active development and community engagement through their gaming ecosystem.
Token Distribution
Token distribution appears to follow standard industry practices with defined allocations for development, marketing, and ecosystem growth. Vesting schedules are in place for team tokens, indicating some protection against sudden selling pressure.
Crypto Impact
To assign a comfort level investing in ITSBLOC 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 ITSBLOC.
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.