Klaydice
Crypto Overview
Overview
Klaydice is a cryptocurrency gaming platform built on the Klaytn blockchain. It serves as the governance and utility token for the Klaydice gaming ecosystem.
Purpose and Utility
The primary stated purpose of DICE is to serve as the governance token for the Klaydice platform, which hosts various blockchain games. Users can stake DICE tokens to participate in platform governance and earn rewards. The token is also used for in-game transactions and purchases.
Business Model Analysis
The core business revolves around blockchain gaming. Upon investigation, many of the platform's games appear to be chance-based gambling games, including dice games and other casino-style offerings. The platform's primary revenue stream comes from operating these gambling activities.
Real-World Adoption
The platform has achieved some adoption within the Klaytn ecosystem, particularly among gaming enthusiasts. However, the majority of the activity revolves around gambling-based games rather than skill-based or utility-focused applications.
Development Activity
The project maintains regular development activity, with updates to their gaming platform and token infrastructure. However, these developments primarily focus on expanding gambling-related features.
Crypto Impact
To assign a comfort level investing in Klaydice 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 Klaydice.
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.