Kenshi
Crypto Overview
Overview
Kenshi (KNS) is a cryptocurrency and gaming project built on the Cardano blockchain that aims to create an ecosystem for gaming and NFTs. The project's stated purpose is to develop blockchain-based games and provide utility through its native KNS token.
Purpose and Utility
The primary intended use cases for KNS include: governance rights for the Kenshi ecosystem, in-game currency for Kenshi games, and NFT marketplace transactions. The token is currently being used primarily for trading and speculation while the gaming elements are in development.
Business Model and Development
The project focuses on gaming development with a decentralized governance structure. The development team appears to be actively working on their gaming platform, though specific progress metrics are limited in public documentation.
Token Distribution
The token distribution includes allocations for development, marketing, and community initiatives. While specific vesting details are not publicly available, there don't appear to be concerning centralization patterns in the token distribution.
Platform Activity
The project maintains active development channels and community engagement, primarily through social media and their official channels. The gaming platform is still in development stages.
Analysis of Activities
The core activities of Kenshi - gaming, NFTs, and governance - are permissible from an Islamic perspective as they involve actual asset ownership and utility exchange. The project does not appear to facilitate any explicitly prohibited activities such as interest-based lending or gambling.
Crypto Impact
To assign a comfort level investing in Kenshi 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 Kenshi.
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.