Lost Worlds
Crypto Overview
Overview
Lost Worlds (LOST) is a cryptocurrency project focused on creating an NFT-based gaming ecosystem where players can explore virtual worlds, collect digital artifacts, and engage in decentralized gaming experiences.
Purpose and Utility
The stated purpose of LOST is to serve as the native token within the Lost Worlds gaming ecosystem, enabling users to purchase in-game items, trade NFTs, and participate in governance decisions. The token is currently being used primarily for its intended gaming-related purposes.
Business Model Analysis
The business model appears to be centered around legitimate gaming and NFT trading activities. The project does not involve interest-bearing mechanisms, gambling elements, or other prohibited activities under Islamic law. All transactions involve actual asset exchanges with clear utility.
Development and Adoption
The project maintains active development, with regular updates to their gaming platform and NFT marketplace. While adoption is still in early stages, there is evidence of genuine user engagement in the gaming ecosystem.
Token Distribution
The token distribution shows a balanced allocation with appropriate vesting periods for team members and early investors. No concerning concentration of tokens has been identified that would suggest a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in Lost Worlds 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 Lost Worlds.
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.