Treasure
Crypto Overview
Overview
Treasure is a decentralized gaming ecosystem built on Arbitrum, featuring MAGIC as its native token. The token serves multiple purposes within the Treasure ecosystem, including governance, staking, and as the primary medium of exchange for NFTs and in-game assets.
Utility Assessment
The MAGIC token has clear utility within the Treasure metaverse ecosystem: It functions as the primary currency for purchasing NFTs and in-game items across multiple games built on the platform, enables governance participation through the TreasureDAO, and can be staked to earn rewards from protocol fees.
Business Model Evaluation
The project's business model centers around creating a decentralized gaming ecosystem where MAGIC serves as the backbone currency. Revenue is generated through marketplace fees, NFT sales, and gaming transactions. The model appears transparent and doesn't involve inherently prohibited activities.
Real-World Adoption
Treasure has achieved notable adoption within the blockchain gaming space. The ecosystem includes multiple active games like Bridgeworld and Smolverse, with consistent trading volume on their NFT marketplace. On-chain data shows regular transaction activity and active user engagement.
Development Activity
The project maintains active development, with regular updates to its ecosystem. The team consistently releases new features and improvements, demonstrating commitment to the platform's growth. The GitHub repositories show ongoing technical contributions.
Token Distribution
The token distribution appears reasonable with mechanisms in place to prevent excessive concentration. There are vesting schedules for team allocations, and a significant portion of tokens is allocated to community initiatives and ecosystem development.
Crypto Impact
To assign a comfort level investing in Treasure 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 Treasure.
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.