Monster Galaxy

Overview

Monster Galaxy (GGM) is a play-to-earn gaming cryptocurrency that serves as the native token for the Monster Galaxy game ecosystem. The project aims to combine traditional gaming elements with blockchain technology, allowing players to earn rewards through gameplay.

Purpose and Utility

The primary utility of GGM includes: in-game currency for Monster Galaxy game, governance rights for ecosystem decisions, rewards for game participation, and trading on secondary markets.

Business Model Analysis

The business model focuses on gaming and digital asset ownership, which are permissible activities from an Islamic perspective. The game does not involve gambling mechanics or interest-based systems. Players earn tokens through skilled gameplay and asset ownership rather than chance-based mechanics.

Real-World Adoption

The project shows limited but existing adoption within its gaming ecosystem. While trading volume primarily comes from secondary market activity, this does not impact its halal status as actual asset ownership is involved in these trades.

Development Activity

The project maintains an active development team working on game features and ecosystem improvements. Regular updates are pushed to the gaming platform, indicating genuine effort to deliver on stated utility.

Token Distribution

Token distribution includes allocations for team members, development, and community rewards. While founder allocations exist, they appear to have standard vesting schedules to align long-term incentives.