Kaby Arena
Crypto Overview
Project Overview
Kaby Arena is a blockchain-based NFT gaming project that aims to create a play-to-earn gaming ecosystem. The KABY token serves as the primary utility token within the Kaby Arena gaming platform.
Purpose and Utility
The intended purpose of KABY token is to facilitate in-game transactions, reward players, and provide governance rights within the Kaby Arena ecosystem. Players can use KABY tokens to purchase in-game assets, participate in battles, and earn rewards through gameplay.
Business Model Analysis
The project's core business model revolves around gaming and NFT trading, which are permissible activities from an Islamic perspective as they involve the exchange of real digital assets and provide genuine utility through entertainment and potential earning opportunities.
Development and Adoption
As of 2023, the project appears to have limited development activity and user adoption. While the initial roadmap included ambitious gaming features, the current state of development suggests minimal progress in implementing the promised functionality.
Token Distribution
The token distribution includes allocations for the team, development, marketing, and community rewards. Available information indicates standard vesting schedules for team tokens.
Ecosystem Activities
The primary activities within the ecosystem involve gaming and NFT trading, both of which are halal activities as they involve the exchange of actual digital assets and provide real utility.
Crypto Impact
To assign a comfort level investing in Kaby Arena 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 Kaby Arena.
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.