Pancake Games
Crypto Overview
Overview
Pancake Games (GCAKE) is a gaming-focused cryptocurrency token built on the BNB Chain (formerly BSC). The project aims to create a gaming ecosystem that includes play-to-earn games and NFT integrations.
Purpose and Utility
The stated purpose of GCAKE is to serve as the native token for the Pancake Games ecosystem, used for game access, NFT purchases, and rewards within their gaming platform. The token is meant to facilitate transactions within their gaming ecosystem.
Business Model Analysis
The project's core business model involves creating and operating blockchain-based games where players can earn rewards. The basic gaming activities appear to be skill-based rather than chance-based, which is important from a Shariah compliance perspective.
Current Usage and Adoption
The project shows limited current adoption and usage. While the token exists and trades on decentralized exchanges, the gaming ecosystem appears to be in early developmental stages.
Development Activity
Development activity appears minimal based on public repositories and update frequency. The project's social media channels show sporadic activity.
Token Distribution
Token distribution information is limited, making it difficult to fully assess the concentration of ownership. The project operates on a standard token model where users can trade and hold actual tokens.
Crypto Impact
To assign a comfort level investing in Pancake Games 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 Pancake Games.
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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