Matr1x Fire
Crypto Overview
Overview
Matr1x Fire (FIRE) is a gaming cryptocurrency token that serves as the native utility and governance token for the Matr1x gaming ecosystem. It is built on the Binance Smart Chain (BSC) network.
Purpose and Utility
The primary stated purpose of FIRE is to serve as the in-game currency and governance token for the Matr1x gaming platform, which includes features like gameplay rewards, NFT marketplace transactions, and voting rights on platform decisions.
Business Model Analysis
The business model centers around gaming and NFT ecosystems, which are permissible activities from an Islamic perspective as they involve actual asset ownership and utility exchange. The platform does not appear to incorporate interest-based mechanisms or gambling features in its core functionality.
Development and Adoption
The project shows ongoing development activity with regular updates to their gaming platform. While adoption metrics are still modest, this is not a concern from a halal compliance perspective.
Token Distribution
The token distribution appears relatively balanced between ecosystem rewards, development fund, and public sale allocations. There are vesting schedules in place for team tokens.
Revenue Model
The revenue model is primarily based on gaming ecosystem fees, NFT marketplace transactions, and platform service fees - all of which involve actual value exchange rather than zero-sum gambling mechanics.
Crypto Impact
To assign a comfort level investing in Matr1x Fire 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 Matr1x Fire.
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.