Kryptomon
Crypto Overview
Overview
Kryptomon is a blockchain gaming project that combines NFTs with gaming elements inspired by Pokémon and Tamagotchi. Players can collect, train, and battle with digital creatures called Kryptomons. The KMON token serves as the primary utility token within the game ecosystem.
Purpose and Utility
The KMON token is designed to facilitate various in-game activities including: purchasing Kryptomon eggs and items, breeding creatures, participating in battles, and governance voting on game development decisions. The token has actual utility within a defined ecosystem where players gain ownership of digital assets.
Business Model
The project generates revenue through NFT sales, marketplace fees, and breeding mechanisms. The business model is based on providing entertainment and gaming services, which is permissible under Islamic principles as it involves the exchange of real value and utility.
Development and Adoption
The project maintains active development with regular updates and improvements to the gaming platform. While adoption is still growing, there is evidence of genuine user engagement through NFT trading volumes and gaming activity.
Token Distribution
The token distribution includes allocations for development, marketing, and community incentives. There are vesting schedules in place for team tokens, indicating some protection against immediate selling pressure.
Crypto Impact
To assign a comfort level investing in Kryptomon 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 Kryptomon.
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.