MagicCraft
Crypto Overview
Project Overview
MagicCraft is a play-to-earn blockchain game built on the BNB Chain (formerly BSC). The project aims to combine medieval fantasy gameplay with NFT and cryptocurrency elements. MCRT serves as the native utility token of the ecosystem.
Intended Utility
The MCRT token is designed to serve multiple purposes within the MagicCraft ecosystem: governance rights for holders, in-game currency for purchases and rewards, and staking mechanisms for earning rewards from gameplay. Players can use MCRT to purchase in-game items, characters, and participate in various gaming activities.
Actual Utility and Implementation
The game has been launched and is operational, with active gameplay and NFT trading occurring. The project has implemented most of its core features including the marketplace, staking mechanisms, and basic gameplay elements. There is verifiable on-chain activity showing regular transactions and user engagement.
Token Distribution and Governance
The token distribution includes allocations for development, marketing, team, and community rewards. Team tokens have vesting periods implemented through smart contracts. The project maintains transparent documentation about token allocation and usage.
Development Activity
The development team regularly updates the platform and maintains active communication through official channels. The project has demonstrated consistent progress in implementing its roadmap features.
Revenue Model
The revenue model is based on NFT sales, marketplace fees, and gaming transactions. The project does not involve interest-bearing mechanisms or gambling elements in its core functionality.
Crypto Impact
To assign a comfort level investing in MagicCraft 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 MagicCraft.
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.