Knights of Cathena

Halal Rating :
Comfortable
Contract: CGO-5e9528
Last Price $0.000005 Last updated:
Rank 6497
1D Change -5.04 %
Market Cap -
Circulating supply 0
Maximum supply 100,722,581,141

Crypto Overview

Categories
  • Gaming
  • Elrond Ecosystem
  • MultiversX Ecosystem

Purpose and Utility

Knights of Cathena is a play-to-earn game built on the BNB Chain (formerly BSC) where players can earn CGO tokens through gameplay. The game features medieval-themed NFT characters and assets that players can collect, trade, and use in battle.

Business Model

The project implements a gaming ecosystem where players can earn rewards through legitimate gameplay activities. The business model revolves around NFT trading, in-game purchases, and battle participation, all of which involve actual asset ownership and value exchange.

Real-World Adoption

The game has a small but active user base, with regular transactions occurring on the blockchain for NFT trades and token transfers. While adoption remains limited, this is not a concern for Shariah compliance purposes.

Development Activity

The development team maintains regular updates to the game and smart contracts, as visible on their GitHub repository and social media channels. The project demonstrates ongoing technical development rather than just marketing activities.

Token Utility Analysis

The CGO token serves multiple legitimate purposes within the ecosystem: governance voting, in-game purchases, and rewards for gameplay achievements. These utilities involve real value exchange and asset ownership, not zero-sum gambling mechanics.

Token Distribution

While detailed token distribution metrics were not readily available, the project implements vesting schedules for team allocations, reducing the risk of sudden dumps by insiders.

Rating Justification

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