Elumia Crowns
Crypto Overview
Overview
Elumia Crowns (ELU) is the native token of Elumia, a blockchain-based massively multiplayer online role-playing game (MMORPG). The token serves as the primary in-game currency and governance token for the Elumia ecosystem.
Purpose and Utility
ELU tokens are designed to facilitate transactions within the Elumia gaming ecosystem, including: purchasing in-game items, trading digital assets, participating in governance decisions, and staking for rewards. Players can earn ELU tokens through gameplay and by participating in various in-game activities.
Business Model Assessment
The business model focuses on gaming and digital asset ownership, with revenue generated primarily through NFT sales and marketplace transactions. The core gaming activities do not involve gambling, interest-bearing mechanisms, or prohibited content.
Development and Adoption
The project appears to be in early development stages. While the game is not yet fully launched, there is evidence of ongoing development activity through their GitHub repository and regular updates on their social media channels.
Token Distribution
Information about token distribution and vesting schedules is limited in public documentation. This lack of transparency is noted but does not inherently affect halal classification as long as the underlying utility remains permissible.
Crypto Impact
To assign a comfort level investing in Elumia Crowns 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 Elumia Crowns.
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.