Ninja Protocol
Crypto Overview
Purpose and Utility
Ninja Protocol is a Solana-based gaming ecosystem that aims to build play-to-earn (P2E) games and provide a gaming infrastructure. The NINJA token serves as the native utility token for the ecosystem, used for governance and in-game transactions.
Business Model Analysis
The project focuses on developing blockchain gaming infrastructure and P2E games. The core business model involves creating legitimate gaming experiences where players can earn rewards through gameplay, which aligns with halal principles as it involves actual value exchange through entertainment services.
Development and Platform Activity
The project has shown regular development activity, with updates to their gaming infrastructure and continued work on their planned releases. The team maintains active communication through their social channels and regularly provides development updates.
Token Distribution and Governance
NINJA tokens are used for governance within the ecosystem, allowing holders to participate in decision-making processes. The token distribution includes allocations for development, community rewards, and ecosystem growth.
Current Usage
While the project is still in development phases, the token is actively traded on multiple exchanges and used within the existing gaming ecosystem components. The primary utility remains centered around governance and gaming infrastructure development.
Crypto Impact
To assign a comfort level investing in Ninja Protocol 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 Ninja Protocol.
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.