Magic Beasties
Crypto Overview
Purpose and Utility
Magic Beasties is a Play-to-Earn NFT game built on the Binance Smart Chain. The project combines gaming with NFT collectibles, where players can collect, breed, and battle virtual creatures called Beasties.
Business Model
The BSTS token serves as the in-game currency for Magic Beasties. Players can use BSTS to purchase NFTs, participate in battles, and trade within the game's marketplace. The token has a clear utility within its ecosystem.
Platform Development and Activity
The project shows ongoing development activity with regular updates to the gaming platform. The development team maintains an active GitHub repository and regularly implements new features and game mechanics.
Token Distribution and Governance
The token distribution appears to be relatively concentrated, with significant portions allocated to the team and early investors. However, there are vesting schedules in place to prevent immediate selling pressure.
Current Usage
The platform maintains an active user base, primarily focused on gaming and NFT trading activities. All core functionalities revolve around legitimate gaming operations and digital asset ownership.
Crypto Impact
To assign a comfort level investing in Magic Beasties 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 Magic Beasties.
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.