Neoxa
Crypto Overview
Overview
Neoxa (NEOX) is a cryptocurrency project that combines gaming and blockchain technology. It is a fork of DASH, implementing both Proof of Work (X16R algorithm) and Proof of Gaming mechanisms.
Purpose and Utility
The primary stated purpose of Neoxa is to create a gaming ecosystem where players can earn cryptocurrency through gaming achievements. The project includes an open-world game where players can mine resources, craft items, and earn NEOX tokens through gameplay.
Current Implementation and Usage
The project currently operates with two main components: traditional cryptocurrency mining (PoW) and gaming rewards. The gaming aspect is functional, with players able to earn NEOX through gameplay in their released game.
Development Activity
The project maintains active development, with regular updates to both the blockchain infrastructure and gaming components. The team regularly communicates through Discord and provides development updates.
Token Distribution
Neoxa implemented a fair launch with no pre-mine, meaning all tokens are obtained through mining or gaming activities. This approach indicates a fair distribution model without founder advantages.
Business Model Analysis
The business model revolves around gaming and cryptocurrency mining, both of which involve actual value exchange and asset ownership. The gaming ecosystem provides real utility through entertainment and rewards, while the mining system secures the network.
Crypto Impact
To assign a comfort level investing in Neoxa 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 Neoxa.
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.