Mist
Crypto Overview
Overview
Mist is the native token of the RiseHero play-to-earn gaming metaverse. The project aims to create an interconnected gaming ecosystem where players can earn rewards through gameplay and NFT trading.
Purpose and Utility
The primary utility of MIST includes: governance rights in the RiseHero ecosystem, in-game currency for purchases and trades, staking rewards for network security, and NFT marketplace transactions.
Business Model Evaluation
The core business model revolves around gaming and NFT trading, which are permissible activities as they involve actual asset ownership and value exchange. The platform does not incorporate gambling mechanics or interest-based lending.
Real-World Adoption
The project is in early stages with limited adoption. While trading volumes are modest, there is consistent activity in the ecosystem's NFT marketplace and gaming platform.
Platform Development
Development activity is ongoing with regular updates to the gaming platform and marketplace infrastructure. The team maintains an active GitHub repository with consistent commits.
Token Distribution
Initial token distribution allocated 30% to the team and advisors with a 2-year vesting period, 40% for ecosystem development and rewards, and 30% for public sale participants. The vesting schedule appears reasonable and designed to align long-term incentives.
Crypto Impact
To assign a comfort level investing in Mist 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 Mist.
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.