MARBLEX

Halal Rating :
Questionable
Last Price $0.35 Last updated:
Rank 606
1D Change 0.63 %
Market Cap $63.25m
Circulating supply 178,915,822
Maximum supply None

Crypto Overview

Categories
  • Gaming

Overview

MARBLEX (MBX) is a blockchain gaming platform and ecosystem token developed by Netmarble, one of South Korea's largest mobile game developers. The token serves as the native currency for the MARBLEX blockchain gaming ecosystem.

Intended Utility

MBX is designed to serve multiple purposes within the MARBLEX ecosystem: governance rights for the platform, in-game currency for various Netmarble games, and a medium of exchange for NFT transactions in their marketplace. The token is actively used in popular games like A3: Still Alive and Marvel Fight Force.

Actual Utility Assessment

The token demonstrates genuine utility through active implementation in Netmarble's gaming ecosystem. Users can earn MBX through gameplay and spend it on in-game items and NFTs. The project shows consistent development activity with regular updates and new game integrations.

Token Distribution and Governance

Initial token distribution allocated significant portions to the team and company treasury, with vesting periods in place to prevent immediate selling. The project maintains transparency regarding token allocation and usage through regular updates and documentation.

Technology and Revenue Model

The platform operates on a play-to-earn model where users can earn tokens through gameplay. The revenue model is based on gaming transactions, NFT trading fees, and ecosystem participation, avoiding interest-based mechanisms.

Development and Marketing

The project demonstrates a balance between marketing efforts and technical development, with regular platform updates and new game integrations. Being backed by Netmarble, a well-established gaming company, adds credibility to the long-term development plans.

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.

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