Monsterra (MAG)
Crypto Overview
Overview
Monsterra (MAG) is a blockchain game built on BNB Chain that combines NFT gaming with DeFi elements. The game features a play-to-earn model where players can collect, breed, and battle monsters while earning MAG tokens.
Purpose and Utility
The MAG token serves multiple functions within the Monsterra ecosystem: It is used for governance voting, purchasing in-game items, monster breeding, and marketplace transactions. The token has clear utility within its gaming ecosystem.
Business Model Analysis
The core business model revolves around gaming and NFT trading, with revenue generated through marketplace fees and in-game transactions. The platform does not involve interest-bearing products or gambling mechanics - all activities involve actual asset ownership and exchange.
Real-World Adoption
The game has an active user base, though exact numbers are difficult to verify. The project maintains regular development updates and community engagement through their social media channels.
Platform Development
The development team regularly releases updates and new features. The project's GitHub repository shows consistent activity, indicating ongoing technical development.
Token Distribution
The token distribution includes allocations for the team, development, marketing, and community rewards. Team tokens are subject to a vesting schedule to prevent immediate selling.
Crypto Impact
To assign a comfort level investing in Monsterra (MAG) 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 Monsterra (MAG).
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.