Kitsumon
Crypto Overview
Overview
Kitsumon is a blockchain gaming project built on the Polygon network that aims to create a play-to-own monster collection and battle game. The KMC token serves as the primary utility token within the Kitsumon ecosystem.
Purpose and Utility
The KMC token is designed to serve multiple functions within the Kitsumon ecosystem: governance rights for holders, in-game currency for purchases and trades, and staking mechanisms for earning rewards. Players can use KMC to purchase NFT characters (Kitsu), items, and participate in various game activities.
Business Model Analysis
The project's business model centers around gaming and digital asset ownership, which are permissible activities from an Islamic perspective. The core mechanics involve trading of digital assets (NFTs) and using the utility token for in-game transactions.
Development and Platform Activity
The project shows ongoing development activity, with regular updates to their platform and game mechanics. The team maintains active communication through their social media channels and community platforms.
Token Distribution
KMC tokens have a defined distribution structure with allocations for the ecosystem, team, and community. Team tokens are subject to vesting periods, which demonstrates a commitment to long-term development.
Crypto Impact
To assign a comfort level investing in Kitsumon 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 Kitsumon.
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.