META ARENA
Crypto Overview
Overview
Meta Arena (META) is a play-to-earn gaming platform built on the BNB Chain, aiming to create an ecosystem where players can participate in competitive gaming tournaments and earn rewards. The META token serves as the native currency within this gaming ecosystem.
Purpose and Utility
The META token is designed to facilitate transactions within the Meta Arena ecosystem, including tournament entry fees, rewards distribution, and governance participation. Players can use META tokens to enter gaming competitions and receive rewards for their performance.
Business Model Analysis
The project's core business model revolves around competitive gaming and tournament organization. While gaming itself is permissible in Islam when not involving gambling elements, our analysis shows that Meta Arena's tournaments do involve actual skill-based competition rather than pure chance.
Platform Development and Adoption
The project shows ongoing development activity, though adoption remains in early stages. The team maintains regular updates to their platform and has established partnerships with various gaming organizations.
Token Distribution and Governance
Token distribution includes allocations for the ecosystem (40%), team (15%), private sale (20%), and public sale (25%). Team tokens are subject to a vesting period of 24 months.
Revenue Model
The platform generates revenue through tournament entry fees and marketplace transactions. These activities involve actual exchange of value and utility, rather than zero-sum gambling mechanisms.
Crypto Impact
To assign a comfort level investing in META ARENA 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 META ARENA.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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