NFT Champions
Crypto Overview
Purpose and Utility
NFT Champions is a play-to-earn NFT gaming platform built on the Binance Smart Chain. The project aims to combine NFT collecting with competitive gaming elements, where players can earn CHAMP tokens through gameplay and NFT trading.
Business Model Analysis
The platform's business model revolves around players collecting, trading, and battling with NFT characters. Revenue is generated through NFT sales, marketplace fees, and in-game transactions. The core activities involve actual asset ownership and transfer of value, which aligns with halal principles.
Real-World Adoption
The project has shown limited adoption since its launch. While the game is operational, user activity appears to be minimal based on available on-chain data.
Platform Development
Development activity appears to be ongoing, though at a modest pace. The team maintains regular updates to the gaming platform and marketplace infrastructure.
Token Distribution
Token distribution information indicates a significant portion allocated for in-game rewards and ecosystem development, with defined vesting schedules for team tokens.
Crypto Impact
To assign a comfort level investing in NFT Champions 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 NFT Champions.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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