LitLab Games
Crypto Overview
Overview
LitLab Games is a blockchain gaming ecosystem that aims to create and publish Web3 games. The LITT token serves as the governance and utility token within their gaming ecosystem.
Purpose and Utility
The LITT token is designed to be used for governance voting, in-game purchases, and rewards within the LitLab Games ecosystem. The token also provides access to exclusive gaming content and features.
Business Model Analysis
LitLab Games focuses on developing and publishing blockchain games. The platform aims to create legitimate gaming experiences rather than gambling-based games. Their revenue model appears to be based on game sales, in-game purchases, and ecosystem participation.
Development and Adoption
The project is in its early stages, with limited public information available about specific game releases or user adoption metrics. The development team maintains regular updates through their social media channels, though concrete progress on game launches is not yet clear.
Token Distribution
Information about token distribution and vesting schedules is limited in public sources. This makes it difficult to assess the concentration of token ownership among founders and early investors.
Crypto Impact
To assign a comfort level investing in LitLab Games 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 LitLab Games.
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.