Treasure
Crypto Overview
Overview
Treasure is the native token (MAGIC) of the Treasure DAO ecosystem, a decentralized gaming ecosystem built on the Arbitrum network. The token serves multiple purposes within the ecosystem, primarily as a medium of exchange and governance token.
Intended Utility
MAGIC token is designed to serve as: 1) The primary currency for NFT marketplaces within the Treasure ecosystem, 2) A governance token allowing holders to participate in protocol decisions, 3) A utility token used across various games and applications built on the Treasure platform.
Actual Utility
The token is actively used within the ecosystem for its intended purposes. The Treasure marketplace sees regular NFT trading activity using MAGIC as the medium of exchange. The token is also utilized in various games built on the platform, including Bridgeworld and The Beacon. Governance participation through MAGIC token voting is documented and ongoing.
Token Distribution and Founder Analysis
The token distribution shows a balanced approach with: 40% allocated to the community treasury, 30% for play-to-earn rewards, 20% to the team and advisors (with vesting), and 10% for initial liquidity. Team tokens have vesting periods extending over multiple years, reducing the risk of sudden selling pressure.
Development Activity
The project maintains active development with regular updates to both the core protocol and individual games. The GitHub repositories show consistent commits and the team regularly communicates updates through official channels.
Revenue Model Assessment
The ecosystem generates revenue through marketplace fees and game-related transactions. These revenue streams do not involve interest-based mechanisms or gambling activities. The platform focuses on gaming and NFT trading, which are permissible activities from an Islamic finance perspective.
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.