OpenBlox
Crypto Overview
Overview
OpenBlox is a Web3 gaming platform that aims to create an ecosystem where players can own, trade, and utilize gaming assets across multiple games. The OBX token serves as the native utility token of the OpenBlox ecosystem.
Purpose and Utility
The OBX token is designed to serve multiple functions within the OpenBlox ecosystem: governance rights for platform decisions, staking for rewards, purchasing in-game items, and accessing premium features. Players can use OBX to buy NFTs, participate in game activities, and trade assets on the platform's marketplace.
Business Model Analysis
The platform focuses on gaming and digital asset ownership, which are permissible activities from an Islamic perspective. The core business model revolves around creating value through game development and digital asset trading, rather than interest-bearing mechanisms or gambling.
Development and Adoption
OpenBlox has shown consistent development activity, with regular updates to their platform and game offerings. The project has established partnerships with various gaming studios and blockchain platforms. While adoption is still in early stages, there is evidence of actual usage for the intended purposes.
Token Distribution
The token distribution includes allocations for development (30%), ecosystem growth (25%), team (20%), and public sale (25%). Team tokens are subject to a vesting schedule over 24 months, indicating a long-term commitment to the project.
Crypto Impact
To assign a comfort level investing in OpenBlox 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 OpenBlox.
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.