KENKA METAVERSE
Crypto Overview
Project Overview
KENKA is a gaming and metaverse project that aims to create a virtual world focused on martial arts and combat sports. The KENKA token is designed to serve as the primary utility token within this ecosystem.
Purpose and Utility
The stated purpose of KENKA is to function as an in-game currency for their metaverse platform, enabling users to purchase virtual assets, participate in tournaments, and engage in various gaming activities. The token claims to offer utility through gameplay mechanics, virtual asset ownership, and ecosystem governance.
Business Model Assessment
The project's core business model revolves around gaming and virtual world interactions, which are generally permissible activities under Islamic principles. There is no evidence of inherent riba (interest), maysir (gambling), or gharar (excessive uncertainty) in the token's primary use cases.
Development and Adoption
The project appears to be in an early stage of development. While the development activity seems limited, this is not inherently problematic from a Shariah compliance perspective.
Token Distribution and Governance
The token distribution appears to follow standard industry practices, with allocations for development, marketing, and community initiatives. There are no apparent red flags in the distribution model that would indicate a scheme designed purely to enrich founders.
Crypto Impact
To assign a comfort level investing in KENKA METAVERSE 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 KENKA METAVERSE.
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.
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You can change your vote if you change your mind.