Monsta Infinite

Halal Rating :
Comfortable
Last Price $0.006 Last updated:
Rank 2010
1D Change -11.23 %
Market Cap $1.07m
Circulating supply 177,504,080
Maximum supply 270,000,000

Crypto Overview

Categories
  • Collectibles & NFTs
  • Gaming
  • Metaverse
  • Play To Earn
  • BullPerks Launchpad
  • Oxbull
  • BNB Chain Ecosystem

Overview

Monsta Infinite is a blockchain-based play-to-earn NFT game built on the Binance Smart Chain. The project's native token MONI is used for governance, in-game purchases, and rewards within the game ecosystem.

Purpose and Utility

The primary purpose of MONI is to serve as the main currency within the Monsta Infinite gaming ecosystem. Players can use MONI to purchase in-game assets, participate in governance decisions, and receive rewards for gameplay achievements.

Business Model Analysis

The game operates on a play-to-earn model where players can collect, battle, and trade NFT monsters called Monstas. The business model involves real asset ownership and exchange, with players having true ownership of their in-game assets.

Development and Adoption

The project maintains active development with regular updates to their gaming platform. While adoption remains limited compared to larger blockchain games, there is consistent usage of the platform for its intended gaming purpose.

Token Distribution

The token distribution includes allocations for the ecosystem, team, and community. Team tokens have vesting periods to ensure long-term alignment with the project's success.

Revenue Model

The platform generates revenue through NFT sales, marketplace fees, and in-game transactions. All transactions involve real asset exchange and ownership transfer.

Crypto Impact

To assign a comfort level investing in Monsta Infinite 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 Monsta Infinite.

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