Pirate Nation
Crypto Overview
Purpose and Utility
Pirate Nation is a Web3 game project where the PIRATE token serves as the governance and utility token within its ecosystem. The token is designed to be used for in-game purchases, trading of NFT assets, and participation in the game's governance decisions.
Business Model Analysis
The project aims to create a play-to-earn gaming ecosystem where players can own, trade, and utilize digital assets. The business model appears to involve legitimate exchange of digital assets and creation of utility through gaming experiences.
Real-World Adoption
The project is still in early development stages with limited current adoption. While the gaming platform is not yet fully operational, the token is actively traded on decentralized exchanges.
Development Activity
There is observable development activity on the project's social media channels and GitHub repositories, indicating ongoing work on the gaming platform.
Token Distribution
Available information shows the following token distribution: 30% for the ecosystem and rewards, 25% for development, 20% for marketing and partnerships, 15% for team (with vesting), and 10% for public sale.
Vesting and Lock-up
Team tokens are subject to a vesting period of 24 months with a 6-month cliff, suggesting some protection against immediate selling by insiders.
Crypto Impact
To assign a comfort level investing in Pirate Nation 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 Pirate Nation.
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.