Metacraft
Crypto Overview
Overview
Metacraft (MCTP) is a cryptocurrency token designed to serve as the native utility token for a platform aiming to bridge Minecraft gaming with blockchain technology. The project aims to enable players to earn rewards through gameplay and create a marketplace for Minecraft-related digital assets.
Purpose and Utility
The intended purpose of MCTP is to facilitate transactions within the Metacraft ecosystem, including purchasing in-game items, trading digital assets, and rewarding players for their participation. The token also grants governance rights to holders for platform decisions.
Current Usage and Development
Research indicates very limited current information about active development or usage of the platform. The project's social media channels and official communications appear to be inactive, making it difficult to verify current utility implementation.
Token Distribution and Governance
Detailed information about token distribution, vesting schedules, and current governance activities is not readily available from verifiable sources. This lack of transparency makes it challenging to evaluate the token's current utility and distribution model.
Evaluation of Business Model
The core business model of creating a marketplace for gaming assets and rewarding gameplay does not inherently conflict with Islamic principles. The intended use cases do not involve interest-bearing mechanisms, gambling, or other prohibited activities.
Crypto Impact
To assign a comfort level investing in Metacraft 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 Metacraft.
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.