Nyan Heroes

Halal Rating :
Comfortable
Last Price $0.076 Last updated:
Rank 1320
1D Change -8.34 %
Market Cap $7.68m
Circulating supply 101,045,769
Maximum supply None

Crypto Overview

Categories
  • Gaming
  • Solana Ecosystem

Overview

Nyan Heroes is a Solana-based NFT gaming project that aims to create a play-to-earn battle royale game featuring robot-piloted cats. The NYAN token serves as the game's utility token for in-game transactions and governance.

Purpose and Utility

The intended purpose of NYAN is to serve as the primary currency within the Nyan Heroes gaming ecosystem. It is designed to be used for purchasing in-game items, upgrading characters, and participating in governance decisions. The token is also meant to reward players for their participation in the game.

Business Model Analysis

The project's business model revolves around gaming and NFTs, which are permissible activities from an Islamic perspective as they involve the exchange of digital assets with real utility. The game does not incorporate gambling mechanics or interest-based systems.

Development and Adoption

The project is still in early development stages. While the NFTs have been released, the full game is yet to be launched. Development updates are regularly shared through their official channels, showing ongoing progress.

Token Distribution

The token distribution includes allocations for the team, development fund, and community treasury. Team tokens are subject to a vesting schedule, indicating some level of commitment to long-term development.

Crypto Impact

To assign a comfort level investing in Nyan Heroes 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 Nyan Heroes.

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.

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