KING
Crypto Overview
Purpose and Utility
KING token is a cryptocurrency used within the Kingdom Protocol ecosystem. It serves as both a governance token and currency for the platform's various gaming and metaverse-related activities.
Business Model and Implementation
The protocol aims to create a Play-to-Earn (P2E) gaming ecosystem where users can participate in games, own virtual assets, and engage in digital commerce. The token facilitates transactions within this ecosystem.
Development and Platform Activity
The project shows active development with regular updates to its ecosystem. The development team maintains transparency through public GitHub repositories and regular community updates.
Token Distribution
The token distribution appears balanced with 40% allocated to the community, 30% for development, 20% for treasury, and 10% for the team with a 2-year vesting period.
Real World Adoption
While still in its early stages, the platform has demonstrated growing adoption within its target gaming community, with several thousand active users participating in its ecosystem.
Crypto Impact
To assign a comfort level investing in KING 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 KING.
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.