LOCGame
Crypto Overview
Project Overview
LOCGame is a blockchain gaming ecosystem that focuses on creating NFT-based card games with play-to-earn mechanics. The LOCG token serves as the native utility token within the ecosystem, used for governance, purchasing in-game items, and participating in the game economy.
Purpose and Utility
The primary stated purposes of LOCG are: governance rights for protocol decisions, purchasing NFT cards and items within the game ecosystem, staking for rewards, and accessing special gaming features. The current usage largely aligns with these intended purposes, particularly in gaming transactions and governance.
Business Model Analysis
The business model centers around creating and maintaining a gaming ecosystem where players can own, trade, and utilize digital assets in the form of NFTs. The core activities involve legitimate asset exchange and don't inherently involve prohibited activities like gambling or interest-based lending.
Platform Development and Adoption
The project maintains active development, with regular updates to their gaming platform and NFT marketplace. While adoption remains limited, this isn't relevant for Sharia compliance assessment.
Token Distribution
The token distribution includes allocations for the team, development, and community rewards. While there is a significant portion allocated to the team, there are vesting schedules in place to prevent immediate dumping.
Crypto Impact
To assign a comfort level investing in LOCGame 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 LOCGame.
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.