MARBLEX

Halal Rating :
Questionable
Last Price $0.37 Last updated:
Rank 553
1D Change -2.51 %
Market Cap $64.29m
Circulating supply 175,630,858
Maximum supply None

Crypto Overview

Categories
  • Gaming

Overview and Intended Utility

MARBLEX (MBX) is a blockchain gaming ecosystem token launched by Netmarble, one of South Korea's largest gaming companies. The token is designed to serve as the main currency within Netmarble's blockchain gaming ecosystem, particularly for games like A3: Still Alive and MBX Warriors.

Business Model Assessment

The platform aims to create a sustainable gaming economy where players can earn and trade in-game assets through their gameplay. MBX serves as the governance and utility token for the MARBLEX blockchain gaming platform, enabling users to participate in game-related transactions, stake tokens, and participate in platform governance.

Actual Utility Analysis

The token demonstrates genuine utility within Netmarble's gaming ecosystem. It's actively used for: 1) In-game purchases and transactions, 2) Trading of NFT game items, 3) Participation in governance decisions, 4) Staking rewards within the ecosystem.

Token Distribution and Governance

The token distribution shows a significant portion allocated to the development team and company reserves. There are vesting schedules in place to prevent immediate dumping, with tokens being released gradually over time. The project maintains regular development updates and has shown consistent progress in expanding its gaming ecosystem.

Technical Implementation

MARBLEX operates on the Klaytn blockchain, chosen for its high throughput and low transaction costs. The platform implements a hybrid system combining both centralized and decentralized elements to optimize gaming performance while maintaining blockchain benefits.

Crypto Impact

To assign a comfort level investing in MARBLEX 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 MARBLEX.

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.

Justification for our Halal Rating