Planet IX(formerly IX token)
Crypto Overview
Overview
Planet IX is a blockchain-based strategy game and virtual world where players can own, trade, and develop virtual land represented as NFTs. The IXT token (formerly IX Token) serves as the native currency within this ecosystem.
Purpose and Utility
The IXT token is designed to facilitate transactions within the Planet IX ecosystem, including: purchasing virtual land and in-game assets, paying for territory development, governance participation in the DAO, and staking for rewards.
Business Model Analysis
The platform's core business model revolves around virtual real estate ownership and development, creating a player-driven economy. The model appears transparent with clear documentation of token utility and governance mechanisms.
Real-World Adoption
Planet IX has shown significant user engagement with over 400,000 registered users. The platform maintains active development and regular updates to its ecosystem.
Platform Development
The project demonstrates ongoing development activity with regular updates to both the game and supporting infrastructure. The development team is transparent and maintains consistent communication through official channels.
Token Distribution
The token distribution includes allocations for development (30%), ecosystem rewards (25%), team (15%), treasury (20%), and public sale (10%). Team tokens are subject to a vesting schedule.
Evaluation of Activities
Core activities within the ecosystem involve: Trading of virtual land NFTs, Development of virtual territories, Participation in governance, In-game transactions. All these activities involve actual asset ownership and value exchange.
Crypto Impact
To assign a comfort level investing in Planet IX(formerly IX token) 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 Planet IX(formerly IX token).
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.