Kingdom Raids
Crypto Overview
Overview
Kingdom Raids (KRS) is a gaming cryptocurrency that serves as the utility token for the Kingdom Raids gaming ecosystem. The token is built on the Binance Smart Chain (BSC) network.
Purpose and Utility
The primary intended purpose of KRS is to serve as the in-game currency for the Kingdom Raids game, where players can use it to purchase in-game items, participate in battles, and earn rewards through gameplay. The token also provides governance rights to holders who can participate in decisions affecting the game's development.
Business Model Analysis
The business model centers around gaming and digital asset ownership, where players can own, trade, and utilize virtual items within the game ecosystem. This aligns with halal principles as it involves the exchange of digital assets with clear utility and ownership rights.
Current Usage and Adoption
The project is in early stages of development with limited current adoption. While trading activity exists on decentralized exchanges, the gaming platform is still under development.
Platform Development
Development activity is ongoing according to the project's roadmap, though specific technical progress metrics are not publicly available. The team maintains regular communication through social media channels regarding development updates.
Crypto Impact
To assign a comfort level investing in Kingdom Raids 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 Kingdom Raids.
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.