Luna Rush

Halal Rating :
Questionable
Contract: 0xde301d6a2569aefcfe271b9d98f318baee1d30a4
Last Price $0.00025 Last updated:
Rank 3123
1D Change 5.26 %
Market Cap $1,150
Circulating supply 4,550,147
Maximum supply 350,000,000

Crypto Overview

Overview

Luna Rush is a play-to-earn NFT gaming project launched in late 2021 on the Binance Smart Chain. The game features a monster-battling system where players can collect, train and battle with NFT characters.

Purpose and Utility

The LUS token serves as the in-game currency and governance token for the Luna Rush ecosystem. Its stated purposes include: purchasing in-game items, participating in battles, staking for rewards, and voting on governance proposals.

Business Model Analysis

The core gameplay mechanics involve players battling monsters and completing quests to earn rewards. While gaming itself is not inherently haram, there are concerning elements in the tokenomics structure that warrant attention.

Real-World Adoption

Current data shows very limited trading activity for the LUS token, with significantly reduced volume compared to its launch period. The game appears to have very low active user engagement based on on-chain metrics.

Development Activity

There has been minimal visible development activity in recent months, with the last significant update to the platform occurring over a year ago. The project's social media channels and community forums show little to no recent activity.

Token Distribution

The initial token distribution allocated a significant portion to the team and early investors, with relatively short vesting periods. This raises some concerns about the potential for founder enrichment, though this alone does not make it haram.

Rating Justification

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