MMOCoin
Crypto Overview
Overview
MMOCoin (MMO) is a cryptocurrency originally launched in 2018 as a payment solution for massively multiplayer online (MMO) games and digital content. The project aimed to provide a decentralized payment method for gamers and content creators.
Purpose and Utility
The intended purpose was to serve as a medium of exchange for gaming-related transactions and content purchases. However, current usage appears minimal, with very low trading volumes and limited adoption in gaming communities.
Business Model Analysis
The business model focuses on facilitating digital payments in gaming environments, which is inherently halal as it involves the exchange of real value for digital goods and services. No evidence was found of involvement in prohibited activities like gambling or interest-based lending.
Development and Adoption
The project shows limited recent development activity on its GitHub repository. While this indicates minimal technical progress, it does not impact the halal status of the token itself.
Token Distribution
Information about token distribution and founder holdings is limited, but the project utilized a Proof of Stake consensus mechanism for network security and token distribution.
Crypto Impact
To assign a comfort level investing in MMOCoin 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 MMOCoin.
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.