Nakamoto Games

Halal Rating :
Questionable
Last Price $0.95 Last updated:
Rank 459
1D Change 1.06 %
Market Cap $88.62m
Circulating supply 92,963,652
Maximum supply 180,000,000

Crypto Overview

Categories
  • Collectibles & NFTs
  • Gaming
  • Metaverse
  • Play To Earn
  • VBC Ventures Portfolio

Project Overview

Nakamoto Games is a blockchain gaming ecosystem that allows developers to create and monetize play-to-earn games. The platform uses the NAKA token as its native cryptocurrency for governance, rewards, and transactions within its gaming ecosystem.

Intended Utility

The NAKA token serves multiple purposes: governance rights for platform decisions, rewards for game players, payment method for in-game assets, and staking for platform benefits. The project aims to create a decentralized gaming marketplace where developers can launch games and players can earn rewards.

Actual Utility and Usage

The platform currently hosts multiple games across different genres, including racing, shooting, and arcade-style games. On-chain data shows active usage within their gaming ecosystem, though significantly lower than peak periods. The project maintains regular development updates and new game releases.

Token Distribution and Governance

Initial token distribution allocated 40% to the ecosystem and rewards, 20% to the team and advisors (with vesting periods), 15% for marketing and partnerships, 15% for platform development, and 10% for public sale. Team tokens are subject to a 24-month vesting schedule with periodic unlocks.

Revenue Model and Operations

The platform generates revenue through: game marketplace fees, NFT sales commissions, tournament entry fees, and developer onboarding fees. All transactions within the ecosystem are conducted using NAKA tokens.

Crypto Impact

To assign a comfort level investing in Nakamoto Games 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 Nakamoto Games.

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.

Justification for our Halal Rating